Industry cool to tweaking short-term rentals of private homes

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.

Until then, however, a key amendment to the Planning Act read on Monday will make it illegal for private homes to be rented out for under six months, in line with an existing URA guideline.

One proposal is to have a new class of use for private homes to be approved by the URA for the spe…