OUE introduces rental relief package

Submitted By:  Nathanielle Punay Case Study:  No These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%. OUE Limited and Commercial Real Estate Investment Trust (OUE C-REIT) has released rental relief measures for retail tenants at Downtown Gallery, Mandarin Gallery, OUE Bayfront, OUE Link and OUE Tower, an announcement revealed. Measures in place include a waiver of gross rental for April 2020, passing on the property tax rebates in full from the Singapore Government, flexible payment schemes, and a rental reduction of 15% to 25%. These will be reviewed on a MoM basis. read more