Real Estate

Singapore Issues First-ever Fine for AirBnb Hosts

Singapore Issues First-ever Fine for AirBnb Hosts

Singapore’s Urban Redevelopment Authority reportedly handed a fine of $45,800 to two AirBnb hosts for violating the country’s rules on apartment rentals. Said to be the first such incident in the country, two men were penalized for breaking a law that prevents the rental of houses less than six months old, or three months in the case of private housing, without the explicit permission of the URA. Singapore’s URA is said to be in the process of developing a proposed regulatory framework for short-term leasing platforms, which may include plans for a public consultation component that would allow homeowners and […]

Condominium Rights in the Face of the Sharing Economy Model

Condominium Rights in the Face of the Sharing Economy Model

  An Analysis of the Legal Rights of Airbnb Lessors of Condominium Units In recent years, many high-rise condominiums have been in major cities in the Philippines. Despite concerns about an oversupply of units, many analysts expect the Philippine real estate market to be profitable for the years to come.[i] What cannot be denied is that many condominiums are not used by their owners as their primary dwellings. They are, for the most part, investment vehicles earning revenue primarily through long-term leases. The rise of the sharing economy[ii] and the advent of sites like Airbnb have changed that. Airbnb was […]

Read more about the Real Estate practice at Disini & Disini Law Office