Not a loss. No elite benefits. Strictly by the book points + nights for a Design Hotel. No facilities apart from your room at the hotel. Couldn't even charge restaurant and bar to the room for additional points.

Go stay at the Vagabond for a proper designery hotel experience.

(And if you want a cheap Bonvoy then the Four Points can be had for S$160 with the potential of a suite upgrade, breakfast, and Platinum drinks.)