{"id":74026,"date":"2017-12-08T10:08:44","date_gmt":"2017-12-08T03:08:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agents-battle-with-the-lure-of-earning-easy-money\/"},"modified":"2017-12-08T11:04:47","modified_gmt":"2017-12-08T04:04:47","slug":"property-agents-battle-with-the-lure-of-earning-easy-money","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agents-battle-with-the-lure-of-earning-easy-money\/","title":{"rendered":"Property agents battle with the lure of earning easy money"},"content":{"rendered":"


\nWith the growing demand for short-term accommodations, property agents in Singapore contend with the constant struggle of fending off temptations of earning additional income by listing and managing vacant rooms or units on Airbnb.
\nA property agent who wanted to be known only as William said requests to list and manage units or rooms on Airbnb would usually come from overseas-based property owners or Singapore homeowners who wanted to \u201cskip the hassle of managing (the short-term rental of their units) themselves\u201d, reported Today Online.
\nOrangeTee & Tie property agent Timothy Chew revealed that he receives about 10 calls in a year from people in need of short-term accommodation.
\nMost of the calls come from foreigners with short-term visit passes who are here in Singapore for medical reasons or Singaporeans in need of a place to stay since their homes are being renovated.
\nAnd while Chew referred them to serviced apartments, some agents would usually refer such clients to homes listed on Airbnb due to the higher rent for serviced apartments.
\nAgents could also earn a higher commission from such deals, since their agencies are usually cut out from the transactions.
\nPropnex Realty agent Aaron Lin, however, pointed: \u201cIs it worth it to take such risks? You still have to clean up the place every two to three days.\u201d
\nMoreover, errant agents could lose their licence, be sacked by their agencies, or worse, brought to court \u2013 just like what happened to Savills Residential property agents Yao Songliang and Terence Tan En Wei.
\nThe duo, who were the first to be brought to court for violation of Singapore\u2019s short-term stay policy, allegedly rented out four units at D\u2019Leedon condominium in Farrer Road for short-term accommodations via Airbnb.
\nWith this, Suntec Real Estate Consultants research director Colin Tan said property agents \u201cshould know better\u201d than to run the risk of losing their source of livelihood for easy money.
\n\u201cThese people are doing it quite blatantly\u2026 it forces the authorities to come down hard on them,\u201d he added.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property agents battle with the lure of earning easy money<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the growing demand for short-term accommodations, property agents in Singapore contend with the constant...<\/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-74026","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-jfY","jetpack-related-posts":[{"id":108458,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-charged-with-renting-out-homes-for-illegal-short-term-stays\/","url_meta":{"origin":74026,"position":0},"title":"Property agent charged with renting out homes for illegal short-term stays","date":"June 26, 2019","format":false,"excerpt":"\r A property agent has been charged with renting out multiple homes for illegal short-term stays. On May 7, the URA announced that Airbnb-style short-term accommodation will remain illegal in Singapore. A property agent has been brought to court for allegedly renting out residential properties for illegal short-term accommodation, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crackdown-on-airbnb-style-holiday-rentals-in-phuket\/","url_meta":{"origin":74026,"position":1},"title":"Crackdown on Airbnb style holiday rentals in Phuket","date":"July 5, 2016","format":false,"excerpt":"\r Short term holiday rentals not only raise safety concerns and pose a nuisance for neighbors, they also fall foul of the law Many of Phuket\u2019s luxury hotels are being usurped by illegal hotel style rentals at luxury condos. Image credit: Roderick Eime (Flickr) Cape Panwa Hotel Short term \u201choliday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-property-agents-plead-guilty-to-illegal-short-term-rentals\/","url_meta":{"origin":74026,"position":2},"title":"Ex-property agents plead guilty to illegal short-term rentals","date":"February 28, 2018","format":false,"excerpt":"\r The two men earned at least $19,000 over a period of five weeks. Earning at least $19,000 over a period of five weeks, two men facing four charges of illegally renting out condominium units for short-term stay via home-sharing sites such as Airbnb pleaded guilty on Tuesday (27 Feb),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-men-charged-over-illegal-home-sharing\/","url_meta":{"origin":74026,"position":3},"title":"Two men charged over illegal home-sharing","date":"December 6, 2017","format":false,"excerpt":"\r Two men were brought to court on Tuesday (5 December) for illegally leasing out four condominium units for short-term stays via Airbnb, reported Channel News Asia. 34-year old Yao Song Liang and 35-year old Terence Tan En Wei each faced four charges under the Planning Act, which prohibits converting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/short-term-stays-may-be-allowed-for-private-homes-mnd\/","url_meta":{"origin":74026,"position":4},"title":"Short-term stays may be allowed for private homes: MND","date":"February 7, 2018","format":false,"excerpt":"\r The government is considering allowing short-term accommodations in Singapore, subject to proper safeguards and controls. Short-term accommodations, such as those offered on Airbnb, may be allowed for private homes in Singapore but subject to proper safeguards and controls, said National Development Minister Lawrence Wong in Parliament on Tuesday (6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-airbnb-hosts-to-plead-guilty-to-illegal-home-sharing\/","url_meta":{"origin":74026,"position":5},"title":"Two Airbnb hosts to plead guilty to illegal home-sharing","date":"January 17, 2018","format":false,"excerpt":"\r The lawyer of two Airbnb hosts who were charged in Singapore with unauthorised short-term letting expects both men to plead guilty in February, reported Reuters. Court documents show that the two men \u2013 34-year old Yao Song Liang and 35-year old Terence Tan En Wei \u2013 faces four charges\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\/74026"}],"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=74026"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/74026\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=74026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=74026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=74026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}