Two Singapore Airbnb hosts plead guilty to unauthorized short-term rentals

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SINGAPORE (Reuters) – Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty on Tuesday in the first such cases under the country’s rules on short-term property letting introduced last year. The two men were charged for renting four units in a condominium for less than six months without permission from Singapore’s Urban Redevelopment Authority and face a fine of up to S$200,000 ($152,000) per offense. Reporting by Fathin Ungku, Writing by Jack KimOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters