The use of one's private residential home for short-term accommodation has been a matter of much chatter in recent times, both locally and internationally. The advent of technology and the creation of online platforms such as Airbnb, allowing for easier advertising and better connectivity, have led to more people (in particular, travellers) realising and adopting this as an alternative lodging option to the usual hotels and service apartments.
Yet, as with many of the other initiatives that have sprung from the increased promulgation of a sharing economy, the disruption brought about by the advancement of home-sharing platforms and short-term accommodation have raised new socioeconomic issues, and regulatory bodies and lawmakers now face the daunting task of having to find the right formula to balance the interests of the various stakeholders.
This Update takes a brief look at the laws relating to short-term accommodation in Singapore.
If you would like information on this or any other area of law, you may wish to contact the partner at WongPartnership that you normally deal with or the following partner:
Jerry TAN
Partner - Corporate Real Estate Practice
d +65 6416 2534
e jerry.tan@wongpartnership.com
Click here to see Jerry’s CV.