CMT hands out rental waivers to SME tenants

Non-qualifying SME tenants will also receive an assistance package.

CapitaLand Mall Trust (CMT) will grant rental waivers for June to their SME tenants, pursuant to the passing of the COVID-19 (Temporary Measures) Amendment Bill, an SGX filing revealed.

The rental waivers granted to date will form part of government-mandated support, subject to notification by the Inland Revenue Authority of Singapore as to the eligibility of such tenants, as well as fulfilment of such other criteria as may be prescribed under the Bill.

Furthermore, in view of the phased approach towards safe reopening of businesses post-circuit breaker, CMT also expects to provide additional rental relief of up to one month of rental or other forms of rental assistance for June, as may be necessary for non-qualifying SME tenants with businesses that are restricted from operating or which are otherwise materially affected by COVID-19.

This assistance package complements any government-assisted rental relief for such SMEs.

“As the COVID-19 situation continues to evolve, the extent of the impact of COVID-19, the COVID19 related regulatory measures as a whole and the provision for the aforementioned rental assistance on CMT’s financial performance and operations for the current financial year cannot be ascertained at this stage,” CMT said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia