Home News Ted Poh: Good property management is a must-have

Ted Poh: Good property management is a must-have




- Advertisement -

Ted Poh, CEO & Co-founder of Pegaxis is on a mission. Shake-up the outdated procurement system in the management of condominiums.

He has plans to improve the way property managers and contractors procure services in the industry, by making it more efficient, accountable and affordable.

TISG asked him a few questions on the business and what he intends to achieve in his mission.

Speaking of the idea behind the project, Ted said his parents have been running a property management company that focuses on managing condominiums for more than 15 years.

- Advertisement -

“They frequently complained how backward their property management industry was. especially when they see so many other industries becoming more and more automated. This sparked an idea to develop a technology to aid them in their business,” he said.

“As the job of ‘property management’ covers many areas, I chose to start with just the procurement vertical after seeing how inefficient it was and how it lacked transparency,” he told TISG.

Procurement of property maintenance services and products is also the number one issue in many properties because it usually involves spending a lot of money!

Seeing the huge potential of this business, Savills Singapore took a 15% stake in Pegaxsis, their first early-stage investment.

With this in mind, we asked Ted about his plans for the future.

He said the company’s primary objective is to ensure the product is able to deliver a high level of value to our users in Singapore. before activating plans to roll out in Hong Kong and Vietnam by working with our investors.

The success in Singapore will help them activate plans to roll out in Hong Kong and Vietnam by working with our investors.

There are 3 co-founders of Pegaxis; Ted, Jacky (CTO) and Jun Rong (COO).
“We also have advisors with decades worth of experience and know-how who help us navigate through the intertwined dynamics of the property management industry,” said Ted.
And Ted is not afraid of competition, saying if technology in the property management space becomes generally accepted by the industry, he would definitely expect to see a lot of competition.
“Not only is real estate the most valuable asset class globally, it also affects where we live, work and play. By extension, good property management is also a must-have,” he said.
Above all, he believes Pegaxis is disruptive.

“Yes, I do think Pegaxis is disruptive in the sense that it empowers property owners and managers to manage their properties better and make smarter decisions.

“But Pegaxis isn’t going to completely replace the property manager. Pegaxis is more of a complementary tool to enhance their productivity and value-add to their properties.

“We have aggregated a large amount of demand and supply on a single marketplace which brings the benefits of increased transparency and better prices for the end-consumers,” he said.

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Woman makes her temperature high to test if she can enter shopping malls in S’pore

Singapore – A woman conducted a social experiment by raising her temperature to see if she can still enter shopping malls despite the thermal scanner alarm going off. News and media company Shout uploaded a video on Facebook on Tuesday (May 4)...

Tan Tock Seng Hospital staff face discrimination, blamed for stricter measures; PM Lee calls for unity

Singapore – "It's been a tough period for many, but particularly hard for the staff at Tan Tock Seng Hospital (TTSH)," wrote Prime Minister Lee Hsien Loong in social media on Friday (May 7), highlighting the "distressing" cases of discrimination against ...

Viral video: 4 cyclists disregard traffic rules and turn on red light along Keppel Rd

Singapore – Video footage of cyclists blatantly disregarding the red light at a junction and turning towards Anson Road is circulating online, sparking yet another call from members of the public for stricter measures against reckless road users. On Wednesday (May 5),...
Follow us on Social Media

Send in your scoops to news@theindependent.sg