Another Property Agent Charged for Renting Out Condos for AirBnB Stays

As if property agents need any more of a bad reputation in terms of trustworthiness, am I right?

Seriously, the only occupation with a worse reputation is probably insurance agents.

With them profiting from every dollar you spend on their recommendations, it’s hard to know if they’re trustworthy.

I personally have quite a few friends who work as property agents, and I can definitely vouch for their integrity. I think it’s fair to say, as with all the jobs, it’s always a few bad fish that spoil the barrel.

However, now with another property agent breaking Urban Redevelopment Authority (URA) rules, that rep has taken a further tumble.

Property Agent Rented Out Six Homes For Illegal Stays

In May 2017, URA ruled home sharing to be illegal, which means AirBnB is technically not legal. They also further reiterated their stance last month. Since then, four agents have already been charged.

Well, a property agent from Propnex Realty called Joel Su Jiqing apparently also didn’t get the memo.

He was charged on 14 May for renting out six properties for short-term stays below the minimum length of stay of three months.

Maybe the syllabus changed a lot lah, I dunno. Maybe we shouldn’t judge.

The charge sheets indicate that he allegedly started renting out units illegally since October 2017 to September 2018.

The units include:

• Two condominium units at the #1 Loft in 1 Lorong 24 Geylang
• A condominium unit at the D’weave at 5 Lorong 39 Geylang
• A single-storey terrace house at 52 Lorong 36 Geylang
• A condominium unit at Smart Suites at 302 Sims Avenue
• A condominium unit at #1 Suites at 1 Lorong 20 Geylang

I’m guessing he likes Geylang a lot.

According to TODAYonline, Su also put up listings on platforms such as Airbnb to draw even more customers.

Okay, maybe not the syllabus’ fault. That’s like telling the authorities, “Hey, come catch me!”

Could’ve been greed gone wrong.

If convicted, he can be fined up to SGD $200,000.

I guess it wasn’t such a financially wise move after all eh, Greed?

For those who doesn’t get this weeaboo reference, too bad.