Mapletree Commercial Trust to provide more tenant support amid stricter Covid-19 measures

Claudia Chong

Published Sun, May 16, 2021 · 04:21 PM

MAPLETREE Commercial Trust (MCT) on Sunday said it is committed to providing the necessary rental and operating assistance to its retail tenants as Singapore tightens its Covid-19 measures till June 13.

Since the start of the pandemic, MCT has implemented support packages comprising more than S$70 million of rental rebates to help eligible retail tenants offset, on average, more than four months of fixed rent. This includes the passing on of property tax rebates, cash grants from the government and other mandated grants to qualifying tenants.

MCT's properties have implemented health and safety protocols. It has stepped up cleaning frequencies, set up TraceTogether-only SafeEntry systems to facilitate digital contract tracing, and deployed disinfecting robots and thermal scanning systems to minimise human contact.

The counter last closed on Friday at S$1.98, down S$0.05 or 2.46 per cent.