{"id":54493,"date":"2017-05-12T09:35:32","date_gmt":"2017-05-12T02:35:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-unveils-new-occupancy-cap\/"},"modified":"2017-05-12T09:41:17","modified_gmt":"2017-05-12T02:41:17","slug":"ura-unveils-new-occupancy-cap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-unveils-new-occupancy-cap\/","title":{"rendered":"URA unveils new occupancy cap"},"content":{"rendered":"


\nThe Urban Redevelopment Authority (URA) has reduced its cap on allowable tenants for private properties from eight to six unrelated persons, reported The Straits Times.
\nIn a letter sent out to real estate agencies, the URA noted that while the new rule will take effect from Monday (15 May), it will still allow existing tenancy agreements with seven or eight tenants to run its course until 15 May 2019.
\nAfter the said period, the new rule will apply regardless of the expiration date of the tenancy agreement.
\nLandlords who fail to comply with the new rule will be subjected to investigations, added URA.
\nPassed in Parliament as part of the Planning (Amendment) Bill, the new rule is expected to hit small and medium enterprises renting out apartments for their work permit or S pass holders, said Ku Swee Yong, Chief Executive of International Property Advisor.
\nThis is especially true for some businesses, such as restaurants or those with shift workers.
\n\u201cTo rent another apartment to house their eight workers, instead of renting an old terrace house, they will now have to rent two apartments. The cost is increased.\u201d
\nThe new cap will also affect home-sharing, such as AirBnb. Although it is currently illegal, URA is looking at creating a new category of private homes, in which short-term rentals will be allowed.
\nWith the cap, a future home sharing hosts can only lease out his home to two large families, said Ku.
\nMeanwhile, owners of three-room and four-room or bigger Housing Board flats are allowed a maximum of six and nine subtenants, respectively.
\n\u00a0
\nSenior Content Producer, Christopher Chitty, edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA unveils new occupancy cap<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority (URA) has reduced its cap on allowable tenants for private properties...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-54493","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eaV","jetpack-related-posts":[{"id":75982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skirting-minimum-tenancy-rule-with-early-exit-clause\/","url_meta":{"origin":54493,"position":0},"title":"Skirting minimum tenancy rule with early exit clause","date":"January 8, 2018","format":false,"excerpt":"\r Despite the prosecution of two men in December for providing short-term stays via Airbnb, some home rental agencies are still offering short-term accommodations to tenants by including an early termination clause into their contracts, reported Channel News Asia. This was discovered when the news agency tried to rent units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114744,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-property-agent-fined-88000-for-unlawfully-offering-short-term-accommodation\/","url_meta":{"origin":54493,"position":1},"title":"Former property agent fined $88,000 for unlawfully offering short-term accommodation","date":"March 6, 2020","format":false,"excerpt":"\r The fine was the highest meted out for such offence so far. Joel Su Jiqing, a former property agent, was fined $88,000 on Thursday (5 March) for unlawfully offering short-term accommodation to tourists via online platform Airbnb. The fine was the highest meted out for such offence so far,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-detected-800-occupancy-cap-infringements-since-2017\/","url_meta":{"origin":54493,"position":2},"title":"URA detected 800 occupancy cap infringements since 2017","date":"September 3, 2019","format":false,"excerpt":"\r Meanwhile, the Ministry of National Development also revealed that the URA has investigated an average of around 600 suspected cases of illegal short-term accommodation per year in the last five years. With the tightening of the occupancy cap for private homes from eight to six persons in 2017, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-price-drop-likely-due-to-new-reporting-rule-for-developers\/","url_meta":{"origin":54493,"position":3},"title":"Home price drop likely due to new reporting rule for developers","date":"October 4, 2016","format":false,"excerpt":"\r Private home prices in Singapore have fallen for 12 consecutive quarters since peaking in 2013, URA data shows. The Urban Redevelopment Authority\u2019s (URA) flash estimates of a 1.5 percent drop in private home prices came as a surprise to analysts and erased hopes that the market may be bottoming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-rezone-some-residential-sites-in-tiong-bahru\/","url_meta":{"origin":54493,"position":4},"title":"URA to rezone some residential sites in Tiong Bahru","date":"July 25, 2018","format":false,"excerpt":"\r View of a Tiong Bahru flat. (Photo: Brian Beggerly, Flickr) The Urban Redevelopment Authority (URA) on Tuesday (24 July) announced that it will rezone some sites within the Tiong Bahru estate from \u2018residential\u2019 to \u2018residential with commercial at 1st storey\u2019. The estate has 800 homes and 120 authorised businesses\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wong-ura-grants-exemptions-on-gfa\/","url_meta":{"origin":54493,"position":5},"title":"Wong: URA grants exemptions on GFA","date":"April 5, 2017","format":false,"excerpt":"\r View of apartment buildings in Singapore. The Urban Redevelopment Authority (URA) permits developers to exclude some spaces from the computation of the gross floor area (GFA) to achieve certain planning objectives, revealed National Development Minister Lawrence Wong. \u201cFor example, air conditioner ledges below one metre in width are exempted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54493"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=54493"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/54493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=54493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=54493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=54493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}