Rental Rebate

CapitaLand to give back S$41.5m in rental rebates to existing mall tenants

Property developer CapitaLand has said it will give back S$41.5 million in rental rebates to existing retail, commercial and industrial tenants. This will effectively mean a 4 per cent reduction in rentals on average. The developer is passing on the savings it received from the government's Budget announcement last week. Finance Minister Tharman Shanmugaratnam had said the government is giving a 40 per...

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