Ex-property agent in S’pore fined record S$1.16mil for illegally subletting private homes on Airbnb, HomeAway

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A 57-year-old man was fined a record S$1,158,000 (RM3.70mil) on Monday (May 30) for offences related to unauthorised short-term accommodation.

Chan had illegally rented residential properties such as Caribbean at Keppel Bay . — The Straits Times/ANNSimon Chan Chai Wan had illegally provided short-term rents in 14 private residential properties to local and foreign guests through platforms like Airbnb and HomeAway.The properties included units in International Plaza, Robinson Suites, Claremont, Centrepoint Apartments, The Abode at Devonshire and Caribbean at Keppel Bay.

Chan would enter into tenancy agreements with the units' owners using the three companies as corporate vehicles, and sublet the units for short-term accommodations on the platforms. "Property owners should also exercise due diligence to ensure that their properties are not used by their tenants for unauthorised purposes," it said.

 

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