It was only a matter of time before this was enforced. There’s pressure from hotel industry to regulate Airbnb better and many other countries have already put up these sort of rules.

Short term stay has to be voted in rather than being a default to be voted out. Bai bai property guru!

This post has been edited by Cavatzu: Feb 16 2023, 03:32 PM

It depends if everyone is in cahoots with each other. All you need is some disgruntled Karen or someone very pat like me to make noise then fines will ensue.

The investors better be nice to the own stayers. If it’s an entirely investment building then this would get passed. The conundrum is when there is own stay ppl in there.

The problem will be the pricey condos in the city that do have fussy own stayers in them who will vote out the investors.

Exactly. If the own stayers form a block to stop them from Airbnb then game over. Especially since they paid the city premium and have been bleeding for over 2 years already.

This post has been edited by Cavatzu: Feb 16 2023, 04:38 PM

It’s not being completely banned like in SG. It’s just pushing more accountability back to owners and JMC as to how they’d like their unit block to be run. Have to campaign and count votes like in an election la.

There are certain demographics with full family in tow that use Airbnb as an affordable getaway. One 2/3 bedroom place trumps 2 hotel rooms in value. If you’re alone or a couple then perhaps hotel room would suffice.

This was needed. It’s not that it’s banned because they could be real b****es and ask for people to apply for lodging/motel licence like in some countries.

It’s just allowing for consensus to be formed and primarily own stay property will remain just that. This is actually good news for those units purpose built for investors and Airbnb as it will reduce some of the wannabe competitors.

Interesting to see something like M V where it’s over 3k units where they’ll land.

Safe to say locales that are entirely dependent on tourism will need Airbnb to survive and the motion will be passed.

Is that a risk people can take nowadays? I think investors now should wait and see on what the sentiment of the property is particularly if they need short term rental to survive.

Oo it’s happening. More lelongs incoming.

Even Rumahwips can be made into an AirBnb? What kinda crap holiday is that?

This post has been edited by Cavatzu: Mar 2 2023, 08:17 AM

Thought people might at least like a pool they can wear their clothes in.