06 Dec '17, 6am

Two Singapore 'Airbnb hosts' charged for illegal home stays

Two men have been charged in Singapore for illegally renting out their homes for short-term stays via Airbnb, according to local media. It is the first known case of its kind since new laws against home sharing came into effect in June. Under the changes, it is illegal to rent out, sublet or share a residential property for less than three months. Property agents, Terence Tan En Wei and Tao Songliang, are expected to plead guilty, the Straits Times reported. Reports say the accused worked together to rent out four apartments for short-term stays without permission from local authorities. If convicted, the two men could face fines up to $200,000 Singapore dollars ($149,000; £110,000). Singapore's Urban Redevelopment Authority (URA) earlier this year lowered the minimum rental period for private homes from six to three months. While home owners can seek the URA's approval fo...

Full article: http://www.bbc.co.uk/news/business-42247968

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