Press Release: No More Homebuying Hassle With MYRA’S Homebuying Hub

Press Release: No More Homebuying Hassle With MYRA’S Homebuying Hub

Over the years, the property industry has not witnessed a significant change to the complex process of homebuying. Recently, Myra introduced their website with a simple 4-step process to ease the homebuying journey for first-time homebuyers. As the latest addition to Myra’s educational ecosystem, they bring us a new digital platform – a home booking web app, Myra’s Homebuying Hub, to continue their mission by curbing existing obstacles in the current conventional home booking process.

The new booking app, accessible through Myra’s website, simplifies the entire purchasing process as there are templated examples of documents to submit as well as other information provided to guide you on your home buying journey along with an online calculator to work out your monthly bank loan repayment instalments. Purchasers will easily be able to upload documents into their personal folder onto their profile on the app. Myra will then be able to review the documents and offer assistance in terms of document submission. The app also serves as a portal to update purchasers on their booking.  

Myra is committed to making a difference

Having a young target market, the team at Myra is well-aware that the entire journey of buying a home is long-winded and tedious, especially the process of home booking because it involves many things that first-time homebuyers are not familiar with. 

Wendy Lim, General Manager of Myra said, “We started with what we could with the website, a simplified fun 4-step journey that summarizes the entire homeownership journey into layman terms. After receiving positive responses, we began to think more about how we could improve the entire experience for a young homebuyer.”

As the main majority of Malaysians is equipped with limited access to homebuying education, Myra’s Homebuying Hub acts as an additional branch of education on their current website to focus on the other areas that homebuying holds and provide better, more informative and guided education. 

Digital solutions to current challenges

Myra’s Homebuying Hub was created to solve two main problems – the lack of convenience and the thirst for knowledge. Firstly, Myra customers will be able to get the best, most seamless experience possible. Secondly, the information on the app closes the knowledge gap through education and awareness.

As exciting as it is to purchase a home for the first time, homebuyers will need to calculate installments, current repayments, interest rates and Debt Service Ratio (DSR) checking. In most instances, these tasks are done manually and written down on a piece of paper, inconveniencing homebuyers should they lose it and are unable to recall these important calculations. 

With app features like online instalment calculators, DSR calculation rating, document submission guide and additional tips for homebuyers, Myra ensures their homebuying experience is smooth and educational for their homeowners. 

In the past, document collection for the purpose of loan applications was also a highly inefficient back-and-forth manual process for all parties involved. Often having to make personal visits to the developer’s office to provide documents such as EPF statements, EA form, income tax and more, young first-time homebuyers are likely to be overwhelmed by the load of documents that they need to prepare. 

Now, both parties will be able to skip the tedious manual liaising processes and Myra can streamline everything digitally as well as issue an official receipt upon payment. Homebuyers, on the other hand, will enjoy having an easy point of reference for any documents that they will need to complete the booking, and at the same time, receive quick assistance from the Myra team throughout the journey to owning their home.

Ultimately, Myra homebuyers and prospective homebuyers will have a digitally housed copy of all necessary documents that they would be able to refer to or download for their future usage and reference – even if they were to not proceed with their current Myra-booking or reconsider buying another home in the future.

“We want to build an entire Myra-ecosystem that every single individual who wishes to be a homebuyer, to look into anything related to homes or homebuying would come to. The booking app might be one of our first innovations, but it certainly would not be our last,” Wendy added.

Set to be launched in January 2021, Myra’s Homebuying Hub will collect, store and handle personal information of individuals in accordance with the Personal Data Protection Act 2010 (“PDPA”) and has obtained SSL Certificate to ensure the security of every app user’s privacy.

For more information, visit www.myra.com.my.

— End Of Press Release —

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