Victoria Home’s 300% YoY growth eyes dominance in Malaysia with Penguin Home acquisition

ACHIEVEMENTS

Victoria Home (VH) is the fastest growing property management group founded in 2015 with 300+ homes and hotel in more than 10 prime Malaysian cities. VH provides hotel quality homestays and short term rental to travelers and recently served its 500,000th guest. VH revenue has grown 300% YoY and is already profitable, generating up to RM10 million this year. 

VH recently concluded its acquisition of Penguin Homes to absorb 80+ homes of inventory that are mostly situated in Klang Valley that is projected to bolster earnings this year to RM 13 million.

ACHIEVEMENTS

Victoria Home (VH) is the fastest growing property management group founded in 2015 with 300+ homes and hotel in more than 10 prime Malaysian cities. VH provides hotel quality homestays and short term rental to travelers and recently served its 500,000th guest. VH revenue has grown 300% YoY and is already profitable, generating up to RM10 million this year. 

VH recently concluded its acquisition of Penguin Homes to absorb 80+ homes of inventory that are mostly situated in Klang Valley that is projected to bolster earnings this year to RM 13 million.

“With a proven track record of managing several high-profile properties in the Klang Valley, the acquisition of Penguin Home provides a growth opportunity for both our businesses through an extended service offering for our clients. We are excited to bring additional resources to the staff and clients, and enhance the already excellent level of service they are contributing to that marketplace,” he added.

“It was clear to me that Yik Cai and I share the same values and vision for our clients, which is really the foundation for a successful partnership. I am looking forward to the synergistic benefits from our merger to allow us to better serve the market in the Klang Valley,” commented Curtis Ling, the founder of Penguin Home. The merger is anticipated to result in 20% growth in the number of guests and bring in an expected revenue of RM24 million for Victoria Home in the next financial year. 

The core focus of Victoria Home is to provide comfortable spaces to welcome travellers from all around the world, which explains their emphasis on offering a design-led portfolio of short-term rentals with hotel standard services to match – both to help the guests to experience the comfort and convenience at home away from home, and to help property owners or investors to maximize returns by increasing sales channels and providing technological solutions. 

 

“With a proven track record of managing several high-profile properties in the Klang Valley, the acquisition of Penguin Home provides a growth opportunity for both our businesses through an extended service offering for our clients. We are excited to bring additional resources to the staff and clients, and enhance the already excellent level of service they are contributing to that marketplace,” he added.

“It was clear to me that Yik Cai and I share the same values and vision for our clients, which is really the foundation for a successful partnership. I am looking forward to the synergistic benefits from our merger to allow us to better serve the market in the Klang Valley,” commented Curtis Ling, the founder of Penguin Home. The merger is anticipated to result in 20% growth in the number of guests and bring in an expected revenue of RM24 million for Victoria Home in the next financial year. 

The core focus of Victoria Home is to provide comfortable spaces to welcome travellers from all around the world, which explains their emphasis on offering a design-led portfolio of short-term rentals with hotel standard services to match – both to help the guests to experience the comfort and convenience at home away from home, and to help property owners or investors to maximize returns by increasing sales channels and providing technological solutions. 

 

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