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Singapore releases public consultation on Airbnb-style home-sharing


SINGAPORE: Condominium owners who want to rent out  their property for short-term stays can do so if owners holding on to at least 80 per cent of the development's share value agree to allow such rentals,  the Urban Redevelopment Authority (URA) has proposed.

This was one of the suggestions in a long-awaited public consultation on Airbnb-style homesharing launched by the URA on Monday (April 16), which aims to   bring Singapore one step closer to finding a balance between nurturing disruptive industries and regulating them.
 

Economy , Property , ASEAN

   

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