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This article, Singapore decides to keep short-term rentals of private homes illegal in major blow to Airbnb, originally appeared on Coconuts, Asia's leading alternative media company. Want more ...
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
Lodging refers to the use of a short-term dwelling, usually by renting the living space or sometimes through some other arrangement. People who travel and stay away from home for more than a day need lodging for sleep, rest, food, safety, shelter from cold temperatures or rain, storage of luggage and access to common household functions. [ 1 ]
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
As of June last year, Singapore had 197,300 foreigners on employment passes out of a total foreign workforce of about 1.5 million. The country has a population of 5.9 million.
Employment level in Singapore has been constantly increasing each year in the past decade, as reported in 2015. [7] Latest employment level as of 3rd quarter of 2015 was reported at 3.640 million, with gains led by the Services sector. In the first three quarters of 2015, total employment level grew by 16,200. [8]
Singapore: This social networking site for accommodation and room rentals was founded in Singapore in 2012. [25] Receiving US$1 million in funding in 2012, [26] [27] [28] by late 2013 travelmob had an iOS app, [29] and a distribution agreement with Wego.com. [30] In May 2015, travelmob transitioned its brand and products to HomeAway. [31] 2013 ...
Under the scheme, Singaporeans select and apply for an apartment in their preferred location(s) from a list of launch sites. Originally, a tender for construction would be called only if the number of applicants is at least 70% of the number of apartments in a specific contract (50% since 2011), otherwise, the project would not be built.
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