UrbanWave is a home co-ownership scheme that offers financial support to homeowners purchasing and refurbishing run-down homes in prime locations. This initiative helps young families achieve affordable homeownership. In Malaysia, 1.9 million homes are vacant as of 2022 – almost 20% nationally.1 Of these homes, 435,000 are within the Klang Valley, where homes in established neighbourhoods are often left abandoned. Younger generations are priced out from buying these homes due to the cost of renovation. The UrbanWave co-own- ership programme provides accessible funding for homeowners to purchase, renew and restore homes, encouraging the rejuvenation of mature neighbour- hoods in central locations and enhancing environmen- tal performance and quality. The programme seeks to make liveable houses affordable and improve quality of life for the community, diverting funds from unsustaina- ble development models to promote healthy real estate and housing sectors.UrbanWave homes are chosen based on age, land tenure and price. Prices must match Urbanmetry’s pro- prietary artificial intelligence (AI) property price predic- tion machine, Nowcast™2 to ensure that financially sound investments are being made. In exchange for funding, UrbanWave co-owns the house with the homeowner for a minority stake of up to 40%. The homeowner retains majority ownership and full occupancy rights and can restore and renovate the house to their liking. If or when the house is eventually sold, any profits from the sale are shared between UrbanWave and the homeowner. Over the past year, seven homes have benefit- ted from the UrbanWave programme and are nearing on-site completion with another 20 homes expected to join the programme in 2024. BEFORE Concrete ventilation blocksReinforced concrete frame with plaster and paint finish Planter box to manufacturer's details Aluminium framed folding doors with powder coatingAFTER UrbanmetryGEOLOCATION Klang Valley, Malaysia TIMEFRAME 2023 to present PRESENTED BY UrbanmetryHIGHLIGHTS FROM THE DAVOS BAUKULTUR QUALITY SYSTEM Definitions GOVERNANCE DIVERSITY CONTEXT SENSE OF PLACE BEAUTYFUNCTIONALITY ENVIRONMENT ECONOMY INNOVATIVE PRACTICE: UrbanWave 2

PR199 Innovative Practice UrbanWave 2024