February 9, 2017
Singapore has moved to ban short-term home rentals in the city, directly impacting popular ‘alternative accommodation’ companies like Airbnb and HomeAway Asia. The Urban Redevelopment Authority (URA) introduced new ‘guidelines’ into the Planning (Amendment) Bill that was passed in Parliament on February 6, 2017, two years after starting public consultations on short-term rentals. Laws surrounding subletting homes remain largely unchanged, stipulating that homeowners do not have the right to lease their properties as accommodation for periods under six months (unless permission has been obtained by the URA)…
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