CMT offers more rental relief to SME tenants; CapitaLand accelerates China digitalisation push

Published Mon, Jun 15, 2020 · 09:50 PM

Singapore

CAPITALAND Mall Trust (CMT) expects to provide additional rental relief of up to one month of rental or other forms of rental assistance for June to small and medium enterprise (SME) tenants that do not qualify for help under a new rental relief law.

This is on top of rental waivers or deferrals it is giving to qualifying SME tenants for June, following the passing of amendments to the Covid-19 (Temporary Measures) Act last Friday that will see landlords waive up to two months of base rent for eligible tenants that have suffered significant losses due to the pandemic.

The real estate investment trust's (Reit) manager said in a bourse filing on Monday that it expects to provide the extra relief…