NUS, NTU students renting out their rooms illegally

NUS, NTU students renting out their rooms illegally

She is a first-year National University of Singapore (NUS) undergraduate on a scholarship. And she is profiting from her sponsored $400-a-month on-campus hostel room at Prince George's Park by renting it out.

Budding entrepreneur or blatant profiteer? She is just one of many who are taking advantage of the campus "property crunch" in Singapore.

In July, the business student had advertised the availability of her residence for rent. This was done on HardwareZone online forums. Like many undergrads, she knows about the huge demand for hostel places.

Wanting to be known by her user name, Locoy242, she admitted that she doesn't need her hostel room as she lives nearby in Clementi.

The 21-year-old said: "This way, I have more pocket money to spend."

Three weeks ago, she received a call from someone who offered her $400 a month.

She told The New Paper she knew of several friends who also sublet their NUS halls and residences to others who need it more.

What she is doing is against university rules. But demand is so hot for hostel rooms that students often outbid each other to rent hostel rooms at their universities, with some willing to pay several hundred dollars a month to get the room of their choice.

Students say they know they risk eviction and fines. But they do it anyway because the universities do not bother monitoring such transactions.

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