Airbnb-style short-term home sharing still illegal: URA
Property market watchers say mid-market hotels and economy options will benefit the most from URA's move to keep the status quo
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Singapore
THE decision by the Urban Redevelopment Authority (URA) to keep the status quo for short-term stays in private homes has likely triggered a collective sigh of relief from among hospitality players, who have seen their business eaten into.
This development means that rentals of private properties for periods of less than three consecutive months - popularised by the likes of home-sharing platforms Airbnb around the world - will remain illegal in Singapore.
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