Capitaland Mall Trust To Still Offer Rental Waivers To Qualifying Small And Medium Enterprises
June 16, 2020 — CapitaLand Mall Trust Management Limited, the manager of CapitaLand Mall Trust (CMT), said CMT will still be granting rental waivers to qualifying small and medium enterprises for June 2020.
The rental waivers granted to date will form part of government-mandated support. The eligibility of such tenants is subject to the requirements set by the government and being notified by the Inland Revenue Authority of Singapore.
In view of the phased approach towards safe-reopening of businesses post-circuit breaker, CMT also expects to provide additional rental relief of up to one month of rental or other forms of rental assistance for June as may be necessary for non-qualifying SME tenants.
This assistance package complements any government-assisted rental relief for qualifying SME tenants.
CMT’s financial performance for the current financial year cannot be ascertained at this stage, due to the evolving nature of the COVID-19 situation, it said.
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