Tag Archive | "AirBNB"

S’poreans appeal for late LKY’s 38 Oxley Road house to be put up on Airbnb for rental

S’poreans appeal for late LKY’s 38 Oxley Road house to be put up on Airbnb for rental

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This will help unlock the value of the house in rental yields.

38-oxley-road

Thousands of Singaporeans from all walks of life, who like to book hotel rooms locally for staycations, have filed an appeal with the government to put up the late Lee Kuan Yew’s 38 Oxley Road house on room rental site Airbnb.

This after it was revealed that all three children of the late first prime minister favoured the demolition of the house in honour of their father’s last wish.

However, Singaporeans said the demolition of the house would be a pity as there are other ways to put the house to good use that will benefit society as a whole.

One Singaporean, Jiu Dian, said: “By listing 38 Oxley Road on room rental site Airbnb, the potential value of the property can be unlocked via rental yields.”

“Judging by 38 Oxley Road’s centralised location near town, one bedroom can easily fetch $40 to $50 a night.”

“The big garden is also a plus that will draw people from Singapore and all around the world to come by for a short stay and feel what it is like to be in the same premises as the man who founded modern Singapore.”

“Very inspiring.”

At press time, thousands of other Singaporeans are filling up an appeal to list the Istana on Airbnb as well.

 

 

 

 

 











S’poreans to raise illegal rental concerns with AirBNB CEO Brian Chesky

S’poreans to raise illegal rental concerns with AirBNB CEO Brian Chesky

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AirBNB CEO will be speaking in Singapore Oct. 25, 2013 at Thomas Friedman’s Global Forum Asia.

friedman-forum

Singaporeans are expected to raise concerns with AirBNB’s CEO Brian Chesky about how they are disallowed by local authorities from renting out their place of residence.

Chesky will be in Singapore on Oct. 25 as a guest speaker at Thomas Friedman’s Global Forum Asia.

Currently, the law states that temporary rental of residences is illegal. The minimum lease period is six months.

This means that tourists who visit Singapore either have to stay in overpriced hotels or crappy hostels, unlike in other countries where visitors can stay with locals at their homes and experience real culture.

This is because the authorities have decreed that short term rentals might inconvenience other home owners as human traffic can be disruptive.

The authorities are also rumoured to routinely monitor AirBNB listings to look for violators.

Zheng Hu Chu, a local HDB dweller said: “I will go to the forum and tell the AirBNB CEO: ‘Hello? You come here speak for what? No one in Singapore can even list their residences for short term rental because it is against the law. You want to talk to our government to change that?'”

The questioning of Singapore’s housing rules and regulations will be a sensitive topic that could be potentially tricky for a country trying hard to protect its cosmopolitan image, while residents are trying to milk the value of their property for all it’s worth.