Industry cool to tweaking short-term rentals of private homes
They say the changes could affect the hotel sector and security in condos; property tax issues could also arise
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Singapore
CONDOMINIUM representatives and industry watchers have panned the latest proposals by the government to reduce the minimum rental period for private housing and to create a new class of private homes for short-term rentals.
Minister for National Development Lawrence Wong had offered scant details on these proposals on Monday, when he told Parliament that the Urban Redevelopment Authority (URA) was studying the options before releasing more details.
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