i believe their hq is dated and should be relocated. but the big question is where are they gonna go? logically should be the icon but they sold it enbloc. where they go, it bounds to bring additional associates that work with them to set up offices. and am sure TMS will at least make their own HQ flourishes.
my 2 yen.

I got a 2 bedroom unit on the 27th floor on the 1st day of launching. As long within the golden segitiga, I'm ok

Just saw m city from road show at the curve. Now 506 sq ft studio selling 750k after discount. Psf 1300++.scary price.

I'm the founder of Speedrent, thanks for the discussion and would love to throw in our side of story.

Speedrent started off in April 2015 to provide a credible alternative to owners and tenants who wish to use alternative channels to the de-facto agents route. Over the course of a year, we have found that many deals failed to materialise because young professionals who just graduated don't have enough savings to rent their ideal home.

We felt strongly about it and decided to do something about it by launching Easy Scheme.

Few quick responses:

1. Tenant who can't pay deposit = bad tenants (The social trend)
It's half truth. In olden days, where people save money first, spend when absolutely necessary. Today, Gen X/Y prioritises lifestyle to savings. There is a shift of trend of savings amongst the younger generation. Adding salt to the matter, generally salary hasn't increased as quickly as the inflation.

This generalisation would immediately throw 80% of the younger generation into that 'bad quadrant'. You left with the remaining 20% 'perceived' good tenant profile. And by the way, the 20% may be living on a shoestring budget in order to buy their first house ASAP. This discussion ends up catch-22 scenario.

2. It is risky with no deposit. (The market trend)
It's half truth. Speedrent as the name says, we focus on speed, speed to a deal. There is a big opportunity cost between speed and risk. You want to be safe, you lose speed. You want speed, you sacrifice safety. Easy Scheme was introduced to bridge that two extremes where we speed up the deals to the max while at the same time limiting your risk.

With market going slow, you are trading months of vacancy to your property - that is an opportunity cost. There's no right or wrong here and certainly not a question of desperation - but rather what's your risk appetite. And by the way, we do credit checks on tenants. This is by far the most objective** way to qualify a tenant financial quality.

** I'm a Malaysian first, Chinese second. I'm very saddened by many owners being prejudice to different races. I hold my belief and I want to solve this problem next.


3. People are actually more open to meet strangers (The technology trend)
Internet has changed many behaviours, but the single biggest change in the last decade - Uber and Airbnb made sharing economy happen. As a result, people are more open to meet strangers.

Platform like these 'forces' people to show more of their good side because the former open up transparency and create feedback loop. Tenants are happier to deal with owners because - after all, you are in a minimum 12 months relationship - vice versa, your house is tenanted by a person for 12 months. You want to make sure they take good care of your house.

Speedrent is here to solve real problems
The 3 trends that I've stated are well known facts and we need to acknowledge the world that we live in today. Speedrent is here to solve problems based on trends that we can see due to sheer numbers and data that come with it. We want to be part of the solution, be innovative and ultimately, everyone wins.

Some people ask - why are you doing this? It's risky. But it is riskier than taking no risk.

I strongly believe the 'big day' would come to us as a byproduct when we solve real big problems that people face. And that's why we exist. We are not here just to be a player/make easy money/come and go, we are here to make impactful difference and create value. And your trust and support is so crucial for us to make it a super success!

Any questions - happy to talk / email me at wm@speedrent.com

Mine Soho Duplex under HDA residential title and residential rate.  Please take all these excludes all those retail outlet units.  As far as i know, all SOHO, Studion in M City under residential title as MS had applied and obtained as well. If you are owner, you will have the SnP agreement to based. However, if you looking for subsale, please check owner SnP copy.