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VIRUS OUTBREAK
Covid-19: Tenants say some landlords dragging feet on rent rebate help
One key reason cited by landlords for delay is lack of clarity over whether a specific mall is eligible for property tax rebate
A number of mall operators, including CapitaLand, Mapletree Commercial Trust and Perennial Real Estate Holdings, had announced rental relief in a bid to pass on savings from a 15 per cent property tax rebate announced during Budget 2020 to qualifying commercial properties.
ST PHOTO: KUA CHEE SIONG
Singapore
COMMERCIAL landlords and their tenants are at odds over the property tax rebate intended for landlords to pass on to renters.
The Restaurant Association of Singapore (RAS) fired the first salvo on Monday, calling out landlords for not delivering on their publicly...
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