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News analysis
Proposed home-stay rules set the bar high for owners
Proposals seem to facilitate rentals, but requirements present hurdles
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File photo showing private property near Orchard Road on Oct 12, 2017.
PHOTO: ST FILE
Rachel Au-Yong
After several years in the pipeline, a framework trying to balance Airbnb-style short-term stays and the associated disamenities is up for public consultation.
The main takeaway from the Urban Redevelopment Authority's (URA) suggestions yesterday was a 90-day rental cap, as long as owners holding 80 per cent of the share value give the nod to a change in land use.
