16 Apr '18, 7am

Singapore proposes allowing some Airbnb type rentals but with cap

SINGAPORE (Reuters) - Singapore proposed on Monday allowing private home owners to let out their property for short-term rentals but with an annual cap of 90 days a year - part of a consultation process welcomed by rental service Airbnb. FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo Private homes in Singapore are currently subject to a minimum rental period of three consecutive months, and such strict rules make the city-state one of the tougher markets in which Airbnb operates. Two Airbnb hosts were fined S$60,000 ($45,800) each by a local court this month for unauthorized short-term letting. Singapore’s proposal to limit rentals days is broadly in line with measures introduced by other cities such as Paris, London and Amsterdam. The city ...

Full article: https://www.reuters.com/article/us-singapore-airbnb/singa...

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