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URA reviewing short-term rental of private homes

Leases shorter than 6 months would benefit residential rental market and boost tourism but hit hospitality sector

Published Wed, Jan 21, 2015 · 09:50 PM

Singapore

THE Urban Redevelopment Authority (URA) is reviewing its policy on short-term rentals of private homes in Singapore - a move that observers say may help to give some reprieve to landlords who are bracing for an onslaught of new units coming into the market.

Under URA's guidelines, which were introduced in 2009 to safeguard the living environment of residents, private homes have to be rented out for no less than six months.