Serangoon
Chiltern Park
6 rooms, 4 let, 2 open now
For unit owners in Singapore
Be a lazy
landlord.
We do the viewings, the contracts, the cleaning. You do nothing, and you still keep half the upside.
Ninety days to decide · nothing to pay · nothing to sign today
Chiltern Park
Serangoon
A lease pays you a number. A year pays you what actually happened.
Move the sliders in the hero and this redraws. The left bar in every month is what a fixed lease really puts in your account after the void, the agent and the repairs. The right bar is what the same unit makes with us. The dark part is your floor. The bright part is your share.
A normal year with us
S$51,749
Against S$41,620 from a fixed lease on the same unit. That is 24% more, on an asset you already own.
Fixed lease, after the year happens
S$41,620
Your floor, even in our worst year
S$43,718
Paid on the first, full or empty. If we let the rooms badly, we earn nothing and you still clear the lease.
Get this number for my unit
Two fields, then Marcus comes to you with the real version of this chart, worked out on your actual unit.
Twelve months, side by side
JFMAMJJASOND
Fixed leaseYour floorYour share of the upside
Lease, twelve months
S$41,620
Lazybee, twelve months
S$51,749
Difference
+S$10,130
DistrictD19 Serangoon
Asking rent, whole unitS$4.4 psf, S$3,960 / mo
Lets as3 rooms
Gross room incomeS$6,732 / mo
Running costs, our side26% of gross
Your floorS$3,643 / mo
Your share above it50%
Indicative, from median asking rents in your district and from how our own nineteen rooms actually perform. The real floor is agreed in writing after we walk the unit.
Live rooms
Every room on the map is real.
Nineteen rooms so far, each one drawn where it actually stands on the island. Click any room and you get the room itself, straight from the same database that runs the booking site: the photographs, the price, the size, the bed, what is in it and when it next opens. The pale shapes are the rest of Singapore, the part we have not built yet.
LetOpen nowNot ours yet
← Click a filled room to open the listing
19
Rooms under management
17 / 19
Let today
S$0
Owner spend on fit-out
We are asking for the deal that is worse for us in a bad year.
A fixed lease pays us to pay you as little as possible. We would quote low, hold your unit for three years and keep everything above the number. Every owner who has signed one has the same quiet suspicion, and the suspicion is usually correct.
A share flips it. We earn nothing until your floor is paid and the running costs are covered. Empty rooms come out of our side first. There is no version of this where we do well and you do not.
That is the whole argument. Not that we are nicer, but that we have deliberately taken the structure where the only way we make money in year two is to keep your unit full in year one.
No commitment
Ninety days, then decide.
We spend our money before you spend yours. We furnish the unit, shoot it, list it across every channel and start paying your floor, all before anything binds you to us. At day ninety you carry on or you walk. Walking costs you nothing. We take our furniture back out at our own cost and leave the unit as we found it.
S$0
To try it
S$0
Furnishing and photography
S$0
Agent commission, ever
S$0
To walk away at day ninety
What you keep either way
Condition report and photo setYours, from day one
Every floor payment already madeNever clawed back
Our list of what the unit needsYours, even if you say no
The unit itselfBack as we found it
The one string attached
Anyone we house during the trial signs a real lease, because they are real people moving their lives into your unit. So if you leave at day ninety you pick how that lands: take the tenancies over as they stand, with the agreements and the deposits handed to you, or give us the time to see them out.
That is the whole of the small print. We would rather put it on the page than bury it in a clause you find in month four.
Your rooms go on sale in places you have never heard of.
A room in Serangoon gets taken from Chengdu, Bangalore or Berlin, weeks before the tenant lands in Singapore. We list, price and sync every room from one system, so a booking on any channel closes the others in the same minute. An agent puts your unit on two portals and waits for a phone call.
Live now
Airbnb
Booking.com
Agoda
PropertyGuru
99.co
Carousell
Roomies
Instagram
Xiaohongshu
Facebook
Onboarded or in progress
Coliving.com
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From the blog
What we've learned running the houses.
The things owners actually ask.
That we spend real money on your unit before you owe us anything, and we are betting you will not want to unwind it once you have watched it run. That is the bet, and it is on our side of the table. The only string is the tenancies: anyone we house signs a real lease, so at day ninety you either take those over as they stand or give us the time to see them out.
Then you are paid the floor and we are paid nothing. The floor is the first call on the money, ahead of our costs and well ahead of our margin. That is the point of the structure, and it is why we will not quote a floor before we have seen the unit.
In a bad year, yes, and deliberately so. The difference shows up in a normal year, when a lease would have kept the whole upside on our side of the table and this does not.
We do, at our cost, to one standard across every home. You put in nothing. At the end of the term the unit comes back the way we found it, or better, with the condition written down and photographed on day one.
Yes, from the day you sign, and you can see most of it on this page already. Every booking, every rate, every payout line, the tenant documents, the maintenance log and the inspection photos. Not a quarterly PDF.
There is a notice period and it is in the agreement before you sign. We will not hold your asset hostage. What we ask is enough notice to see out the tenancies already signed, because those are real people with leases.
Private condominiums and apartments, let at three months or longer, within the occupancy cap. HDB flats do not work for this model and we will say so rather than waste your afternoon.
We do, and it does not touch your floor. You will read about it in the arrears log if you want to. You will not be asked to do anything about it.
Every tenancy is written at three months or longer, inside the URA rule for private homes. No nightly stays, no exceptions, no letter from the authorities.
We let to the occupancy limit for your property type and write that limit into the agreement, so an extra body cannot quietly appear.
Tenant identity documents are collected once, stored encrypted, masked in the portal, and deleted on schedule. Our tenants come from Europe too, so we hold to GDPR as well.
Every agreement is stamped, and we do the stamping for tenants who have no Singapore bank account yet. The certificate sits in your portal.
The next step is a coffee
Marcus will come to you
and buy you a coffee.
Not a call. Not a deck. Tell me roughly where your unit is and I will come to you, anywhere on the island, at whatever hour suits. I will buy the coffee, look at the photos on your phone, and tell you what I think your unit would actually make.
If it is not a fit I will say so before the cup is cold, and you will have lost forty minutes and gained a flat white.
What happens when you press that
1
Within a day
Marcus messages you on WhatsApp to pick a time and a place. Your place, your office, the coffee shop downstairs, whichever is least effort for you.
2
Forty minutes, in person
No slides and no laptop. He brings a printed one page read on your unit, worked out from what you have entered here plus what the district is actually renting for.
3
You keep the paper
Whether you go ahead or not. If your unit is not a fit he will say so at the table rather than send you a polite email next week.
Marcus
Marcus · Makery Pte Ltd · the one who actually turns up
No newsletter. No sequence of five emails. No agent ringing you on a Sunday.