Our thoughts: We are encouraged that the government is taking action against short-term leasing in HDB flats. But our view is that private residential, as the name suggest should be given more free play. In any case, MCST has their own-by-laws that restrict dos and don’ts that owners can and cannot do. Anyway, will this spell the end of short-term leasing in Singapore?
To sum up this news in 2 pointers:
- What is it – Government will be studying the implications of the positives and negatives of short-term leasing that is less than 6 months, which is currently illegal.
- Figures – Since 2013, URA has received about 520 complaints regarding the alleged rental of individual strata-titled private residential properties for less than 6 months.
For the full article from ChannelNewsAsia here
The growing popularity of home-leasing websites like Airbnb needs to be studied in relation to the Singapore public housing market. Home owners offer their residential apartments for short stays of under six months on such websites.
Replying to a question in Parliament from Aljunied GRC MP Pritam Singh about short-term rentals for private properties, Senior Minister of State for National Development Lee Yi Shyan said this is currently illegal in Singapore. He added that websites like Airbnb have disclaimers which state that those offering such accommodation must comply with local laws and regulations.
Mr Lee added: “In this context of renting out properties less than six months, clearly they are in infringement of our planning act, so the necessary actions will be taken. But going further, in the long-term, we have to study the implications on whether such promoting of sharing of resources in an economy, which is itself positive, but is at the expense of existing regulations that tend to protect both consumers and service providers.”
He said that the Government did not want to end up with a situation where people are promised certain services or products but do not receive them. Hence, there was a need to study further and balance out the interests of the larger public with the appeal of such resource sharing.
Mr Lee said that since 2013, URA has received about 520 complaints regarding the alleged rental of individual strata-titled private residential properties for less than six months. Complainants have cited privacy and security concerns resulting from the presence of transient guests, and their use of common facilities which were intended for residents.