Singapore Airbnb host hit with record US$845,000 (RM3.69mil) fine

The former property agent advertised the apartments on Airbnb, HomeAway and other platforms, local media reported. — AFP

SINGAPORE: A Singaporean man has been fined US$845,000 (RM3.69mil) for providing illegal short-term rentals on Airbnb and other platforms, authorities said on May 31, a record penalty for the offence in the city-state.

Housing is a sensitive issue in space-starved Singapore, where most live in apartments, and it is illegal to rent out accommodation for less than three consecutive months.