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This proposal has been derived from the model on which many short term office rental work in other parts of the world, which involved private properties being given out on rent for a short duration of time.
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Tuesday, 10 February 2015Tuesday, 10 February 2015
Proposal to Allow Short Term Office Rentallike Facilities for Private Properties inSingapore
A new proposal is being widely discussed in Singapore that aimsto allow private properties to offer short term rentals. Till now,only commercial properties are offering short term officerental in Singapore.According to the proposal, private properties should be allowedto be used for short term rentals to give a boost to the
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country’s tourism industry as well as to add to the tax revenuethat the government generates.This proposal has been derived from the model on which manyshort term office rental work in other parts of the world,which involved private properties being given out on rent for ashort duration of time.It is said that since accommodation charges for visitors tend toshoot up during the peak seasons, allowing private rentals willnot only help the prices to remain within reach for most but alsoreduce the burden on hotels and other lodging facilities in thecountry.The proposal also points towards regulations to help solve issuesrelated to privacy and overuse of common amenities that mayarise. The landlords are also to be made accountable forverifying the credentials of their tenants and for ensuring thatthey make proper tax submissions to the government.
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Labels: Office space, short term office rental, short term office space
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