28 Jan '15, 4am

#singapore #property Short-term rentals offer many benefits: Singapore should consider

Comment E-mail to friend Bookmark & Share Singapore should consider short-term rentals for private properties as it could help the country’s tourism industry and boost the government’s tax revenue, according to a forum letter submitted by Dr Huang Shoou Chyuan to the media. “Such rentals are already popular and have proven to be a viable alternative to hotels in many parts of the world,” Huang wrote. “In Singapore, accommodation for visitors is not just expensive but often unavailable during peak periods, such as major holidays or events like Formula One races.” For example, in the private healthcare industry there had been cases of foreign patients cancelling medical appointments as hotels were fully booked, while some could be already staying (probably illegally) in apartments at Chinatown or Orchard Road. But if this practice is legalised, it will make the city-state’s ...

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

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