Singapore’s sharing economy is on the rise [News]

August 22, 2014 by  
Filed under News

BY TODAY, 11 Aug 2014

Do you have a spare tennis racket or power drill lying around the house? You can turn a profit from these under-used possessions by renting them out to strangers who need them. Such services are part of the sharing economy, which is growing quickly in Singapore.

Rent Tycoons is the sector’s first such portal in Singapore, and it helps to match owners with renters. In less than two years, some 2,000 owners have signed up. The platform “allows anybody to share whatever that is within their homes, making it possible to share these resources with not just your friends and family, but also with strangers and your neighbours”, said co-founder Fenni Wang.

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Source: TODAY

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