22 Jan '15, 4am

URA seeks public feedback on short-term stays #Singapore #rentalproperty

Comment E-mail to friend Bookmark & Share Should homeowners in Singapore be allowed to rent out their apartments and rooms to tourists for short stays? That’s what the Urban Redevelopment Authority (URA) wants to find out and is asking the public for online feedback on whether current rules on the minimum period of stay for private residential properties needs to be revised. It is also looking at further enforcing the law through investigations. At present, the minimum period allowed for subletting of private units is six months. According to URA, this is to ensure that nearby residents are not inconvenienced by the frequent turnover of guests. Writing on his blog, National Development Minister Khaw Boon Wan admitted that he is not a fan of the idea, and highlighted that such arrangements are not allowed in HDB towns. “While it earns extra income for the homeowners, their ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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