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Wednesday, 30 April 2014

More renting out homes for illegally short periods

PEOPLE are renting out their homes for short periods, despite the growing awareness that it is illegal.

The Housing Board investigated 184 cases of short-term leasing in public flats last year, a 73% increase from 106 cases the year before.

It also received around 45 complaints about suspected cases from 2012 to last year.

Violators may lose their flats and get fined if they are found guilty of renting out spaces for less than six months.

Private home owners are not exempt from the six-month rule. They can be fined up to S$200,000 (RM520,000) and jailed up to 12 months.

An Urban Redevelopment Authority (URA) spokesman said that most residents prefer “familiarity” and not to live among “transient strangers”.

But that has not stopped more online advertisements offering these short-term rentals, which span a few days to months, from sprouting. — The Straits Times / Asia News Network

Tags / Keywords: singapore


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