25 Apr '18, 1am

Short-term stays – one step closer to reality https://t.co/EWwy6W0NHq

Short-term stays are featuring strongly in most travelers’ itineraries and landlord’s rental portfolios. But currently, renting out properties for stays shorter than 3 months in private non-landed properties and 6 months in HDB flats is illegal. Clementi Ave 2. Picture: iProperty URA taking steps to make short-term stays legal with clauses The authorities may, however, be taking steps to legalize short-term stays albeit with some safeguards. Some consider the Urban Redevelopment Authorities’ (URA) proposed rules to be too rigid. URA has finally outlined a list of safeguards last week in a public consultation on short-term accommodation. It may allow home-sharing in private residential properties but maintains its stand to closely regulate the practice. The consultation ends on May 31. Landed estates are likely to be excluded from the practice as they are usually located in...

Full article: https://www.iproperty.com.sg/news/short-term-stays-one-st...

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