Debated in Parliament on 16 Aug 2016.
Dr Lim Wee Kiak asked the Minister for National Development (a) in the last two years, how many home owners have been found to be illegally leasing out their premises to tenants for short-term stays; (b) what actions have been taken against these home owners; and (c) whether an update on URA's review of the short-term rental policy for private residential properties can be provided.
URA's public consultation on short-term rentals concluded in April 2015. The review is still ongoing. The issue of allowing short-term rentals warrants careful and balanced review without a rush to conclusion. In particular, we must carefully consider the implications of doing so, given the potential impact and disamenity of such rentals on neighbouring residents.
In the meantime, URA's existing requirement for a minimum tenancy duration of six months in private residential rentals continues to apply.