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 companies like Airbnb to provide their input.

Source: TechCrunch

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