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SINGAPORE – A former property agent was fined $88,000 on Thursday (March 5) for unlawfully subletting multiple private residential properties for short-term accommodation.
This was largest ever fine meted out for such offences.
Joel Su Jiqing, 38, had pleaded guilty to four counts of providing short-term accommodation without planning permission from the authorities.
Two other similar charges were considered during sentencing.
A district court heard that the Singaporean was an agent with PropNex Realty when he committed the offences.
He is no longer registered as one with the Council for Estate Agencies (CEA).
The court heard that Su had leased several private-dwelling properties to provide short-term stays to local and foreign guests through hospitality service provider Airbnb.
Deputy Public Prosecutor Gabriel Lim said: “He chose the Geylang district in order to avoid detection… as he thought the residents in the district were less likely to raise complaints.
“He also chose the Geylang district, as the rents for private-dwelling houses (there) were considerably lower.”
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