The Airbnb government has passed legislation reinforcing a ban on Airbnb-style short-term home rentals. Homeowners are banned from subletting their homes for up to 12 months , under current guidelines set by Channel NewsAsia (URA). Those found to be breaking the rules can be fined up to SGD200,000 ($ 141,000 ) or jailed for less than six months . “New residential sites can be sold with such an approved use, allowing flexibility for short-term rentals. The new law will give Channel NewsAsia officials increased powers to question and investigate suspected rule violators. Airbnb sent a statement to Channel NewsAsia in which it said it was disappointed by the legislation.
The Airbnb government has passed legislation reinforcing a ban on Airbnb-style short-term home rentals. Homeowners are banned from subletting their homes for up to 12 months , under current guidelines set by Channel NewsAsia (URA). Those found to be breaking the rules can be fined up to SGD200,000 ($ 141,000 ) or jailed for less than six months . The new law will give Channel NewsAsia officials increased powers to question and investigate suspected rule violators. Airbnb sent a statement to Channel NewsAsia in which it said it was disappointed by the legislation.