SINGAPORE: Singapore on Monday proposed allowing private home owners to rent out their property for short-term stays but with stringent conditions, a move welcomed by home-sharing giant Airbnb.
It came after two Singaporean Airbnb hosts were fined Sg$60,000 (Dh168,223; $45,800) each this month for letting out apartments without official permission, underscoring the land-scarce city-state’s strict rules on short-term rentals. The prosecution prompted criticism from the firm, which is a popular and often cheaper alternative to hotels, and authorities decided to examine the issue.
On Monday the government’s Urban Redevelopment Authority (URA) published proposals for a regulatory framework for private home owners wanting to let out their properties for tourists. Members of the public are invited to provide their feedback until May 31.