22 Dec '17, 8am

Can Singaporean rent their home for short-term tourist?

Can Singaporean rent their home for short-term tourist?

When can Singaporeans finally lease homes to short-stay tourists? Since June 2017, homeowners in Singapore are allowed to lease their homes for a minimum period of three months, from six months previously. While this has been lauded as a step forward for home sharing platforms like Airbnb and HomeAway, it is still far from ideal as most tourists typically need an accommodation for less than one month. Allowing short-term rentals could help solve some of Singaporean’s retirement funding issue. Why should hotels monopolize the tourism sector? Instead, why not allow retired HDB homeowners to rent out one room for bed and breakfast? However a side effect and horrible scenario for allowing short-term rental would be people buying properties in Singapore for Airbnb and HomeAway and not for own stay, further making housing even more unaffordable and land price more ridiculous. Th...

Full article: https://www.iproperty.com.sg/news/can-singaporean-rent-th...

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