(April 01 12:23) Sbr.com.sg
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.
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