The Urban Redevelopment Authority (URA) is seeking public feedback on a proposed regulatory framework for the use of private residential properties as short-term accommodation.
URA has proposed that condominium owners who want to rent out their property for short-term stays can do so if owners holding on to at least 80 per cent of the development's share value agree to allow such rentals.
This was one of the suggestions in a public consultation on Airbnb-style home-sharing launched by the URA on Monday (April 16).
The consultation will run till May 31, and members of the public can send their feedback to email@example.com.
More information can be found here - https://ura.sg/sta
Source: “URA suggests 80% consent rule for condos to offer Airbnb-style home-sharing” (The Straits Times, 16 Apr)