More disruption ahead for hospitality sector
THE government's move to halve the minimum rental period for private homes from six months to three months appears to be a middle-of-the-road approach to meeting clamouring demands from different camps. Despite what some see as a "measured" move, there are sombre implications for incumbent hospitality players.
Singapore is not alone in reviewing its rules as cities globally are doing likewise in light of the pervasive use of home-sharing platforms like Airbnb and Homeaway.
While the revised rule satisfies those who want to lease their units for shorter periods, it falls…
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