SINGAPORE: The minimum rental period for private homes has been lowered from six to three months, the Urban Redevelopment Authority (URA) announced in a press release on Friday (Jun 30).
However, short-term rentals of less than three consecutive months, including those through online home-sharing platforms such as Airbnb and Roomorama, are still not allowed.
The move comes amid growing demand from groups seeking accommodation for periods of between three to six months, URA said. These include academics and students visiting local institutions of higher learning, and professionals on work assignments.
The minimum stay duration of six months was put in place in 2009.
More at Minimum rental period for private homes cut to 3 months
However, short-term rentals of less than three consecutive months, including those through online home-sharing platforms such as Airbnb and Roomorama, are still not allowed.
The move comes amid growing demand from groups seeking accommodation for periods of between three to six months, URA said. These include academics and students visiting local institutions of higher learning, and professionals on work assignments.
The minimum stay duration of six months was put in place in 2009.
More at Minimum rental period for private homes cut to 3 months