, Singapore

CapitaLand offers rental relief to COVID-19-affected retailers

This is on top of the $10m marketing assistance programme to retailers.

CapitaLand will be granting a rental relief for its retail partners affected by COVID-19, said in a press release. This is on top of the company’s previous offer of shorter operating hours and the $10m marketing assistance programme for retailers. 

The rental relief will be customised to retailers, targeting individual needs. The relief may include a review of security deposits, restructuring of rental payments and rental rebates to ease retailers’ cash flow.

CapitaLand also plans to pass on the full savings of the government’s property tax rebate to retailers of qualifying commercial properties.

The government announced in the Singapore Budget 2020 that a 15% property tax rebate will be given to qualifying commercial properties. This is in support of food services and retail establishments impacted by COVID-19.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.