Condos being used as hostels for foreign students

[Dragonhead]

There is market talk that some enterprising foreigners rent condos, not one but more than one, to use the premises as private hostels to accommodate foreign students and act as their guardians. Foreign domestic maids are also provided. How did MOM get involved in this business?

In each condo, shared by many as 10 ten students, each student pays a few thousand dollars per month to the "guardian" for accommodation, private tuition, maid services, etc. The market talk is that the business is booming because many foreign students are here alone without their families.

Are the URA and the property owners aware but just closing their eyes? Is this business legal? I would like to start one if it is indeed legal.

 

[Leongsam]

It's perfectly legal. In NZ the arrangement is known as a "homestay". Many cater to foreign students who need an acting guardian during their time in NZ.

http://www.hostfamilies.co.nz/

http://www.aucklandhomestay.org/

 

[sochi2014]

Why not? Private property owners can do what they like?

 

[Primada]

This thing has been around for a few years, guardians of the condos are well paid by the FTs.

 

[enterprise2]

Why not? Private property owners can do what they like?

I want to rent to 'students' who also moonlight as ktv hostess!!