Singapore to seek public views on short-term home rentals through Airbnb
Singapore
THE Singapore government, which has charged two men with unauthorised short-term letting of apartments, said on Friday that it plans to seek public feedback soon on a regulatory framework for allowing such accommodation.
The move comes as strict rules on short-term property rentals in the city-state, a keen early adopter of the sharing economy, have invited complaints as it seeks a balance between encouraging new disruptive industries and keeping them in line.
While there is a place for short-term letting, the government will review and consider safeguards to ensure it does not negatively affect the "amenity" of residential estates, the Urban Redevel…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow