The airbnb host received record fines in Singapore. Short-stay accommodation is regulated by law, as Singapore suffers from a lack of space.
Singaporean the man was fined nearly 800,000 euros for providing accommodation services at Airbnb, according to the news agency AFP. Local authorities say this is the largest fine ever imposed in Singapore for providing accommodation services.
In Singapore, it is illegal to rent an apartment for less than three months. The city-state suffers from a lack of space, and many live on rent, so housing issues are a sensitive issue in Singapore.
The fined man leased 14 apartments on Airbnb and other brokerage platforms to foreign and domestic guests. The court fined him $ 1.16 million on Monday, or about € 791,000. If the man is unable to pay the fine, he will go to jail.
The Singapore Urban Planning Authority warns that short-term rental of housing will change the “nature” of residential areas. The authority says it will continue to take strong action against short-stayers who violate tenancy laws.
Airbnb and other rental platforms have also been reported to cause a shortage of rental housing in New York and Berlin, for example.
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