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Airbnb as an investment option?
Airbnb as an investment option?
I know we've discussed Airbnb in Singapore before and have come to the conclusion it's not legal, but there are still lots of units available and posted:
https://www.airbnb.com.sg/s/singapore?source=bb
This article about buying a place just to Airbnb it likely isn't practical in Singapore due to the murky legality, but it is an interesting idea for places where property is cheaper but is popular with tourists. Maybe Penang or something?
http://thenextweb.com/insider/2013/11/0 ... rbnb-heres
So anyway, I guess two things for the thread. How do these people get away with this in Singapore, and second what are your opinions on this as an investment opportunity (assuming a location with a potentially profitable return)?
https://www.airbnb.com.sg/s/singapore?source=bb
This article about buying a place just to Airbnb it likely isn't practical in Singapore due to the murky legality, but it is an interesting idea for places where property is cheaper but is popular with tourists. Maybe Penang or something?
http://thenextweb.com/insider/2013/11/0 ... rbnb-heres
So anyway, I guess two things for the thread. How do these people get away with this in Singapore, and second what are your opinions on this as an investment opportunity (assuming a location with a potentially profitable return)?
Can you elaborate how did you come to the conclusion that it is illegal? Especially private property? How is it different from a Serviced Apartment?
Most IT contracting companies have rented condos and even HDBs and bring FTs from other countries and let them stay there for upto one week and call it as company guesthouse and serve as company provided temporary accommodation. So that should also be illegal then?
Most IT contracting companies have rented condos and even HDBs and bring FTs from other countries and let them stay there for upto one week and call it as company guesthouse and serve as company provided temporary accommodation. So that should also be illegal then?
In this thread, for one:
http://forum.singaporeexpats.com/ftopic ... ght=airbnb
SMS posts links, one of which has this:
http://forum.singaporeexpats.com/ftopic ... ght=airbnb
SMS posts links, one of which has this:
A Service Apartment is licensed to be one. It's essentially a hotel. Your other example is interesting. I'm not sure where it would fall under the law. But Singapore being Singapore, where businesses (and money) talks, I think their violations would be selectively ignored. Kind of like when the Chinese or Ang Moh jay walk they're never bothered.In general, owners of both private residential properties and HDB flats should not sublet their premises on a short-term basis to tourists, as this will lead to high turnover of occupants and high human traffic, which could cause nuisance and safety concerns to the neighbours.
Under the HDB's terms and conditions for subletting, the minimum period of subletting must not be less than six months. Subletting of HDB flats or bedrooms for short-term stay to tourists is not allowed.
Owners of private residential properties should similarly comply with the URA's guidelines if they wish to lease or sublet their residential units or rooms. Private residential properties are meant for longer-term stays of six months or more.
We recognise that home owners may occasionally invite their relatives or friends from overseas to stay with them when they visit Singapore. This is a reasonable extension of a home owner's use of his home, and is not considered renting or subletting of residential premises. However, home owners are advised that this should not result in any nuisance to neighbours.
The subletting guidelines are clearly stated on the URA's and HDB's websites, and are also conveyed to industry practitioners. The public may also call the URA on 6223-4811 or the HDB on 1800-225-5432 for any clarification on the rules.
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Not quite. I know I got fined along with around 15 other mixed local races when we stepped off the curb before the green man crossing at the AMK MRT one morning. They rounded up the whole lot of us. $50 or 70 fine, I forgot which as it was a couple of years ago.zzm9980 wrote: Kind of like when the Chinese or Ang Moh jay walk they're never bothered.

SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
Thanks for the links, yeah, indeed its pretty black and white that its illegal.zzm9980 wrote:In this thread, for one:
http://forum.singaporeexpats.com/ftopic ... ght=airbnb
SMS posts links, one of which has this:
A Service Apartment is licensed to be one. It's essentially a hotel. Your other example is interesting. I'm not sure where it would fall under the law. But Singapore being Singapore, where businesses (and money) talks, I think their violations would be selectively ignored. Kind of like when the Chinese or Ang Moh jay walk they're never bothered.In general, owners of both private residential properties and HDB flats should not sublet their premises on a short-term basis to tourists, as this will lead to high turnover of occupants and high human traffic, which could cause nuisance and safety concerns to the neighbours.
Under the HDB's terms and conditions for subletting, the minimum period of subletting must not be less than six months. Subletting of HDB flats or bedrooms for short-term stay to tourists is not allowed.
Owners of private residential properties should similarly comply with the URA's guidelines if they wish to lease or sublet their residential units or rooms. Private residential properties are meant for longer-term stays of six months or more.
We recognise that home owners may occasionally invite their relatives or friends from overseas to stay with them when they visit Singapore. This is a reasonable extension of a home owner's use of his home, and is not considered renting or subletting of residential premises. However, home owners are advised that this should not result in any nuisance to neighbours.
The subletting guidelines are clearly stated on the URA's and HDB's websites, and are also conveyed to industry practitioners. The public may also call the URA on 6223-4811 or the HDB on 1800-225-5432 for any clarification on the rules.
Regarding jaywalking, Serangoon road is also a big exception

The concern I have (and echoed by those I know who have used AirBnb) is that you need to have a local "house keeper" or something you trust to be able to assist if there is a problem, and to clean between visits.Fortan wrote:I've been considering this for Bangkok. Massive potential there and the prices for condo units are reasonable.
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You can do either. There is one in SG where it is a landed house near Joo Chiat and Dunman where they're renting a room, $49 a night. Given they own a house over there they cannot possibly be hurting for money.PrimroseHill wrote:so, you buy an entire unit then how you advertise to let it? Or let it out room by room?
I am puzzled by this
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http://www.nytimes.com/2013/11/05/nyreg ... 31104&_r=0
New York city is trying to make it illegal but users are fighting back. My friend found out that his tenant had been subletting his apartment on weekends
. Not hard to get clients if you are located in an expensive and touristy area.
New York city is trying to make it illegal but users are fighting back. My friend found out that his tenant had been subletting his apartment on weekends

I remember when I was living in Basel in Switzerland. There were two periods of the year when there were huge fairs in Basel and all hotels would be sold out for a year in advance. I heard about people renting their own apartments out for a week at a time, going on holiday to Spain in a resort for the money and still having a profit when they came back.
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http://therapidian.org/share-airbnb-hos ... 1481237582
I see more cities cracking down on shared-economy like Airbnb, as the pie gets bigger.
I see more cities cracking down on shared-economy like Airbnb, as the pie gets bigger.
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