Pinhome Launches iVestment, Capital for Property Developers

Having previously released home installment program, platforms marketplace Buy-buy-rent Pinhome launches "iVestment". This is a program to facilitate investment for housing developers. Apart from working capital, developer will get marketing support through the Pinhome application, as well as technology support to support property businesses to develop housing projects from any stage.

Using capital from Pinhome

Regarding technology support, iVestment Pinhome will help process home sales, transactions, fees booking fees, and others. In addition, Pinhome has worked closely with 15.000+ property agents, property agencies, banking partners and experienced marketing teams to provide full support to residential projects listed on iVestment.

The company's representative revealed that the financing capital currently comes entirely from Pinhome. By ensuring the process is in accordance with existing regulations.

Pinhome noted the challenges found on the pitch today. One of them is related to the trend of rising prices of building materials and the demands of property buyers who want their houses ready for occupancy.fully furnished. From there, many property developers need additional funds to accelerate project development.

"Capital support will open up the potential for projects to be developed, where developers can share risks with Pinhome as investors. In addition to sharing risk, this investment support is also expected to increase developer productivity, as well as improve or improve the quality of residential projects in Indonesia," said Head of Business Development Investment Pinhome Alfian Renata.

To date, Pinhome has offered more than 600 thousand property options with around 25 thousand service providers spread across 100 cities. In addition, the company has cooperated with more than 20 banks and finance in Indonesia to provide a variety of offers and financing for potential buyers.

Within two years, Pinhome claims to have managed to score trillions of Rupiah transaction values, one third of these property transactions are at most under 300 million Rupiah.

Launch new service on Pinhome Home Service

Due to the high market demand for services deep cleaning and hair & nail care, Pinhome officially launched these two services to the public, through one of its sub-businesses, Pinhome Home Service (PHS). For the time being, these two services are only available for the DKI Jakarta area, except for the Thousand Islands administrative district.

Prices charged to customers, for services deep cleaning starting from Rp. 50 thousand and for services hair & nail care starting from Rp. 85 thousand. Until now, PHS has had eight excellent services, namely: homecleaning, car wash, AC wash, AC repair, massage, to disinfectant fogging. PHS itself has served customers in more than 34 cities in Indonesia and will continue to expand its coverage area.

Founded by Dayu Dara Permata who used to develop services spin off from Gojek yaitu Go-LifePreviously, Pinhome had also embedded their services in the application Gojek. But now the company is starting to develop these services on the platform.

“Our vision at Pinhome Home Service is to be one-stop shop for all the needs and comforts needed in the home of every Indonesian resident. With the launch of these two newest services, I hope that more and more people will try to make their lives easier with Home Service services from Pinhome, "explained Sugih.