‘Sharing economy’ gaining traction in the republic

Mr Lyndon Yeo with some of the things he rents out, at his office at 71 Ayer Rajah Crescent. He has made more than $1,000 by renting out items that would otherwise be gathering dust. Using the online platform renttycoons.com, he rented out items from tentages to air pumps, which he used only occasionally.

INSTEAD of leaving the stuff in his storeroom to gather dust, media and events company owner Lyndon Yeo has found a way to make money from it.

Using the online platform renttycoons.com, the 46-year-old rented out items from tentages to air pum­ps, which he used only occasionally, and earned more than S$1,000 (RM2,600).