City Developments extends rental relief measures
Source : Singapore Business Review Here.
Setting a great example to the industry is one of our home grown developers CDL. They have announced that they will increase their rebates to their tenants in all of their commercial properties. Their initial $17 million rebate has been upped to $23 million, this would approximate 2.8 m months of gross rent. As graceful owners, they have also announced that they will pass on the full subsidies provided by the government on to their tenants. With such positive step, the much needed relief will take a lot of pressure , off the tenants shoulders as shops have to be closed during this circuit breaker. This will also bring some positive news to prospects who are keen to invest on Kopar At Newton
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