14 Feb '17, 1pm

New post added at LushHomeMedia - Short-term rentals of private property illegal, but Govt mulling alternatives

The use of private property for accommodation of less than six months was legislated as illegal in Singapore on Monday (Feb 6), making it unlawful for owners to rent out their homes via online homestay networks such as Airbnb and Roomorama. Such short-term rentals of private property were already prohibited under guidelines by the Urban Redevelopment Authority (URA) and those who flout the rules face up S$200,000 fine or jail for up to a year if a private residence is rented or sublet for less than six months. The same penalties will apply going forward. “Private residential properties should not be used for other purposes without planning approval, as there is a need to safeguard the living environment of residents in the neighbourhood,” Minister for National Development Lawrence Wong told Parliament. He said URA had consulted Neighbourhood Committees and managing agents ...

Full article: http://www.lushhomemedia.com/manage_posts/2017/02/14/shor...

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