CDL to give most retail tenants additional rebates for June, July

Singapore

MOST retail tenants of properties owned by City Developments Limited (CDL) will get rebates on gross rental for two more months in June and July, as the listed landlord raises its rental relief kitty to S$23 million from the S$17 million it announced earlier this month.

They will receive a 50 per cent rental rebate in June, followed by a 30 per cent rebate in July. These are in addition to the full rebates in April and May that CDL announced on April 6.