, Singapore

CapitaLand to release one-month security deposit for retailers

It aims to help ease tenants’ cash flows amidst COVID-19.

CapitaLand has announced that as part of its rental relief package to COVID-19-affected tenants, it will release a one-month security deposit for them, according to an announcement.

This is to offset rental payments for the month of March 2020, the company said.

The company had earlier introduced a rental relief package for tenants which is said to target individual tenant problems through the aid of flexible rental payments and rental rebates.

The company has also launched a $10m marketing assistance in early February, still part of its support efforts amidst the COVID-19 outbreak. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley