Mapletree sets aside up to $13.7m for tenants


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Mapletree Industrial Trust will set aside up to $13.7m in relief for tenants in Singapore according to an announcement. Under this package, rental rebates will be disbursed to tenants in a “targeted” manner across different trade sectors.

Rental rebates of up to 1.5 months of fixed rent will be given to retail tenants whilst industrial canteen operators will be given a rental rebate of one month of net rent, excluding service charges at 18 Tai Seng by May.
Additional support measures, such as a rental rebate of up to half a month’s net rent, or using cash security deposits to offset rents due, will be available to industrial tenants on a case-by-case basis.
The additional programme is aimed at easing the pressure on tenants from supply-chain disruptions and drops in business volume, which will amount to around $10.5m in total.
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