Two Singapore property agents plead guilty to illegal Airbnb rentals

Two Singaporean men pleaded guilty Tuesday to letting out flats on Airbnb without official permission, the first such case in the city state under new rules against short-term rentals.
Housing is a sensitive issue in rich but land-starved Singapore where more than 80 per cent of the population lives in government-subsidised flats.
Terence Tan En Wei, 35, and Yao Song Liang, 34, pleaded guilty in court to four charges of illegally renting out four flats in a luxury private block in central…