Covid-19: New laws to compel landlords to pass on property tax rebate
Though rebate is welcome; tenants argue it's insufficient and mall operators have to go further, and will continue negotiating with landlords on this
Add BT as a preferred source
Singapore
BUSINESSES on Thursday hailed a newly proposed legislation that will ensure non-residential landlords pass on property tax rebates in full to all tenants, with some saying it's long overdue.
"We appreciate the harsh hand of the law in this matter, but we wished it did not have to come to this," the Singapore Retailers Association (SRA) said.
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
