Mandatory rent waiver raises risks for private landlords: property consultants

Singapore

THE government's move to bolster rental support will extend another lifeline to tenants, many of whom are small and medium-sized enterprises (SMEs), industry players have said. But they add that legislating that landlords also contribute may put these landlords in a more difficult position.

A cash grant to offset rent for SME tenants, amounting to S$2 billion in total, was announced on Tuesday. SME tenants are defined as those with not more than S$100 million in annual turnover, based on corporate tax and individual tax returns for the 2019 year of assessment.