A private residential complex, center, stands among public housing buildings in the Toa Payoh district of Singapore, on Monday, Aug. 11, 2014. Singapore is scheduled to release second-quarter gross domestic product figures on Aug. 12. Photographer: Bryan van der Beek/Bloomberg
Sizing up the home-sharing industry in Singapore has become the economist’s puzzle as the aspiring “Smart Nation” grapples with resistance to next-door strangers.
Despite government rules restricting the likes of Airbnb Inc operating in Singapore, there are signs that home-sharing has become more prolific in the city state. Residents’ complaints about short-term rentals for private homes have climbed this year, while a surge in tourist arrivals isn’t being mirrored in hotel receipts, indicating more visitors may be staying in private homes.
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