OUE, OUE C-Reit offer relief, rebates to tenants
Add BT as a preferred sourceSingapore
PROPERTY group OUE has joined a string of landlords in Singapore offering rental reliefs to tenants amid poor business brought on by the novel coronavirus outbreak.
OUE and the manager of OUE Commercial Real Estate Investment Trust (OUE C-Reit) on Wednesday said retail tenants of Downtown Gallery, Mandarin Gallery, OUE Bayfront, OUE Link and OUE Tower will receive a rent reduction of between 15 per cent and 25 per cent, which will be reviewed monthly.
TRENDING NOW
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
