As more cities crack down on Airbnb and other short-term rentals to address housing woes and overtourism, Singapore has no such dilemma, says NUS Business School's Sing Tien Foo.
As more cities crack down on Airbnb and other short-term rentals to address housing woes and overtourism, Singapore has no such dilemma, says NUS Business School's Sing Tien Foo.
Thousands of listings in New York disappeared in September 2023 when the city started enforcing rules such as requiring hosts to be registered and rental periods of at least 30 days . Airbnb called it a"de facto ban". Some hotel operators have complained about unfair competition. Revenues lost by hotels could mean lower tax revenues for local governments, especially in areas where they do not levy taxes on hosts and guests.
Singapore's firm stance on short-term stays prevented the worsening of the rental housing market crunch. It will not have to face the dilemma other countries now face in making U-turns on the rules.
Tourism Urban Redevelopment Authority HDB
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Illegal Airbnb listings offering short stays in Singapore removed from platformChecks by CNA had shown that hosts in Singapore were offering short stays of two- and three-nights at condominiums and HDB flats, which is against the law.
Read more »
Commentary: Trouble brewing for craft beer market as Singapore’s Archipelago bows outThe shutdown of Singapore brewery Archipelago reflects economic struggles in the industry and difficulties appealing to the choosy craft beer customer, says Christian Barker.
Read more »
Commentary: Are Singapore children overscheduled during school holidays?Singapore parents may sign their children up for camps and enrichment lessons during school holidays, but too many structured activities may do more harm than good, says Dr Cynthia Lim of the Singapore University of Social Sciences.
Read more »
Commentary: As Johor-Singapore SEZ plans accelerate, who stands to benefit?Singapore has talent and technology; Johor has land and infrastructure, say UOB’s Lim Lay Wah and Tay Xiaohan of the planned Special Economic Zone.
Read more »
Commentary: Singapore employees need to be assured their flexible work requests will be taken seriouslyEmployees may fear that requesting for flexible work arrangements might reflect poorly on their professionalism, says Dr Sherry Aw of James Cook University, Singapore.
Read more »
Commentary: What will it take for Singapore residents to get serious about recycling?Despite multiple awareness campaigns and recycling programmes, it seems that not many are taking recycling seriously, says Singapore University of Social Sciences’ Victor Seah.
Read more »