MyRent, Singapore’s first peer-to-peer on-demand rental marketplace, allows Singaporeans to rent items including photography and sporting equipment to seasonal apparel and video games.
For Singaporean consumers, you can now rent some of the current listings on MyRent such as:
- Canon EOS 550D (S$5 per day)
- DJI Spark Drone (S$6 per day)
- Nintendo Switch (S$8 per day)
- Ski Jackets ($5 per day)
Singaporeans can now avail of a safe rental platform and build up a community of sharing with the security of Lender Protection Guarantee.
MyRent has been developed to address a shift in consumer behaviour, with an increasing number of people opting to rent items and engage in a sharing economy — rather than purchasing products for their own use. Since its soft launch in December 2018, MyRent now has more than 2,000 registered users in Singapore alone, with over 800 active listings.
MyRent is accessible everywhere — either via their web portal or through a dedicated app that is available for both iOS and Android users. MyRent is also working on reducing the time it takes to list items on their platform, to less than a minute.
MyRent plans to make its peer-to-peer rental platform available in more markets, with a Malaysian release date slated for end-2019. It is also exploring merchant partnerships to help stores rent out unused inventory, and ecosystem partnerships (insurance, logistics sector), and is looking into the possibility of adding a delivery option in the future.
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