Singaporean landlords struggling to find long-term tenants for their private condominiums are turning to Airbnb to keep the money coming in, according to The Sunday Times. Despite private rentals for the middle of the night being illegal, businesspeople are renting out apartments and homes for up to $150 a night, a rate that tenants, including research students and foreign professionals, are happy to pay. While many of the property owners have had positive experiences, some have complained that tenants treat their homes like hotels.
Singaporean landlords struggling to find long-term tenants for their private condominiums are turning to Airbnb to keep the money coming in, according to The Sunday Times. Despite private rentals for less than six months being illegal, businesspeople are renting out apartments and homes for up to $150 a night, a rate that tenants, including research students and foreign professionals, are happy to pay. While many of the property owners have had positive experiences, some have complained that tenants treat their homes like hotels.