Singapore Airbnb host hit with $845k fine ...Middle East

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Singapore Airbnb host hit with $845k fine
source : Daily Sun ( Middle East ) () 4
SINGAPORE: A Singaporean man has been fined $845,000 for providing illegal short-term rentals on Airbnb and other platforms, authorities said Tuesday, a record penalty for the offence in the city-state.Housing is a sensitive issue in space-starved Singapore, where most live in apartments, and it is illegal to rent out accommodation for less than three consecutive months.Simon Chan, 57, reportedly leased 14 apartments and sublet them for short-term accommodation to local and foreign guests.The former property agent advertised the apartments on Airbnb, HomeAway and other platforms, local media reported.A court Monday fined him Sg$1.16 million (US$845,000) -- the highest ever penalty handed out

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