Changi Airport tenants get 50% rental rebate for six months
Measure is on top of an automatic rental offset linked to passenger traffic that concessionaires already receive
Add BT as a preferred source
Nisha Ramchandani
Singapore
RETAIL, food & beverage (F&B) and service tenants at Changi Airport will be granted a 50 per cent rebate on monthly basic rent for six months as they grapple with weaker travel and consumer demand following the Covid-19 outbreak.
It was announced during the Budget on Tuesday that the government, the Civil Aviation Authority of Singapore and Changi Airport Group (CAG) will extend a S$112 million Aviation Sector Assistance Package to the airport community to help offset business costs and safeguard jobs.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
