, Singapore

OUE introduces rental relief package

These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%.

OUE Limited and Commercial Real Estate Investment Trust (OUE C-REIT) has released rental relief measures for retail tenants at Downtown Gallery, Mandarin Gallery, OUE Bayfront, OUE Link and OUE Tower, an announcement revealed.

Measures in place include a waiver of gross rental for April 2020, passing on the property tax rebates in full from the Singapore Government, flexible payment schemes, and a rental reduction of 15% to 25%. These will be reviewed on a MoM basis.

“As landlords we take a long-term view of the relationships we forge with all of our tenants. As such, we are prepared to explore and introduce further rental relief initiatives should the situation call for it,” said Brian Riady, deputy CEO at OUE.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.