Illegal short-term rentals in NY under scrutiny as complaints surge
New York
COMPLAINTS in New York City connected to illegal short-term rentals jumped 62 per cent last year, prompting regulators to target apartment owners who use websites such as Airbnb Inc that enable those deals.
Elizabeth Glazer, director of the Mayor's Office of Criminal Justice, told City Council members on Tuesday that New Yorkers lodged 1,150 complaints about so-called "short-term transient rentals" last year, up from 712 the year before.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2