Friday, June 17, 2022 1:00 PM MYT
Market-leading data-driven platform with real-time updates for owners
SINGAPORE – Media outreach – June 17, 2022 – coveSoutheast Asia’s first single home rental platform today announced the launch of its best-in-class property management technology platform, developed specifically for Cove landlord partners. With Singapore as one of its key markets in the region, the platform is poised to revolutionize property management for landlords and strengthen Cove’s positioning as a global platform that serves tenants’ needs. and owners.
This feature-rich software was developed in-house at Cove and is the culmination of nearly 4 years of experience working with owners to understand their wants and needs. It will provide live portfolio data and unparalleled insights into owner property performance, allowing them to seamlessly track progress. This includes a full property overview and tenant details, a financial pane to track return on investment, and a tab that gives landlords easy access to rental agreements. Additionally, the platform will also highlight any open tenant tickets or complaints that Cove is currently handling. It will also allow landlords to access historical data regarding their property’s occupancy and rental income.
To further enhance the end-to-end experience for owners, Cove continues to provide an onboarding process for all new properties added to the platform. This includes staging and furnishing to make the property more attractive to potential tenants and a full 360 degree immersive virtual reality tour of the listing, which is on their sleek online listing. Platform.
Commenting on the deployment of the Cove Owners Platform, Sophie Jokelson, co-founder and marketing director of Cove said, “At Cove, we believe that creating value for all of our stakeholders is key to a sustainable business model. We have succeeded in making leasing more accessible and tenant-friendly, and we are now excited to provide valuable performance insights and software tools for our owners for effective property management.”
“As part of this rollout, Cove is introducing the new landlord enhancement via mobile app in Indonesia to meet growing market demand for real-time property investment tracking. In the near future, we plan to introduce the Singapore version app and owners can look forward to overseeing their portfolio on the go,” she added.
Cove now has over 3,000 rooms in its portfolio in Singapore and Jakarta, managing a total of 950,000 square feet of residential real estate. The company is growing aggressively, with first-quarter net revenue up more than 170% from the prior quarter. Cove has worked with over 250 owners since the company’s inception, ranging from individuals and family offices to large institutions like the Lippo Group and Keppel Land, which also invested as a shareholder in Cove’s latest funding round. business in 2020. Cove can expect improved rental income from Cove’s renovation, interior design and staging services. There will also be significant increases in occupancy rates thanks to the high volume of tenant demand that the Cove-branded platform generates each month.
Since launching in 2018, Cove has established itself as an all-in-one platform for tenants and landlords by filling industry gaps through a transparent process. In an effort to address industry issues, the Owners Platform will be the first of many developments Cove intends to adopt to enhance the full suite of services for all key stakeholders. The company is currently working to expand this offering to more cities in the region, with launches in Bandung and Bali expected in Q3 2022 and new countries, such as Vietnam, in 2023 and beyond.
For more information on Cove, please visit https://cove.sg/. For the Cove platform for owners, please visit https://landlord.cove.sg/login.
Founded in 2018, Cove is the leading one-stop home rental platform in Southeast Asia. By putting tenants at the center of the home rental experience, Cove makes it easier, faster and more flexible to rent comfortable homes at honest prices.
Aiming to revolutionize the entire rental process, Cove continues to empower a generation of ambitious Southeast Asians with flexible lifestyle needs by offering a diverse selection of fully furnished short or long term accommodations. .
To date, Cove has housed over 4,000 professionals and students in Singapore and Indonesia and is expanding its groundbreaking model across the region to provide better homes for thousands more city dwellers across the region.
For more information, please visit: https://cove.sg/