We chat to WINSTON LEE, regional head of special projects for PropertyGuru Group, about what shorter lease terms mean for tenants looking to rent private properties.
What changes have been made to lease tenures?
The Urban Redevelopment Authority (URA) recently announced the reduction of the minimum lease term from six to three months, effective 30 June 2017. This is in response to a rising need for shorter-term leases among groups such as visiting academics, exchange students and professionals on short-term work assignments.
It’s worth noting, however, that short-term stays of less than three months through home-sharing platforms such as Airbnb remain illegal, in efforts to preserve the residential character of private housing.
What does this actually mean for tenants?
Denne historien er fra October 2017-utgaven av EL Singapore.
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Denne historien er fra October 2017-utgaven av EL Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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As I floated on a surfboard, my instructor called out “go, chilli man!” to his friend carving along a breaking wave. He turned to me and said, “Have you tried the chillies here? They’re just like our island and our surfers: small but spicy.”
Thailand: City & Mountains
My two daughters are well into their teens, and in the blink of an eye they'll be heading off on holidays with groups of raucous friends rather than with their annoying parents.
Recipe CORNER
This holiday favourite combines the warmth of traditional spices with the rich textures of dried fruits. Enjoy with a cup of tea or a glass of mulled wine!
