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Coronavirus Singapore
Landlords stepping up to help retail tenants amid new curbs
But struggling sector needs more rental relief as sales slump with lower footfall: Observers
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A near empty walkway in Bugis+ mall on Wednesday. A poll by the 700-member Singapore Tenants United For Fairness found that more than 81 per cent of retail, F&B and service businesses saw sales fall by more than 50 per cent on May 16, when the latest Covid-19 curbs began, and others by as much as 80 per cent.
ST PHOTO: YONG LI XUAN
Corporate landlords have been stepping up to help hard-pressed retail tenants amid new Covid-19 curbs that are keeping shoppers out of the malls.
At least five mall operators have pledged to help tenants hit by the stricter measures imposed on May 16 and which are due to end on June 13.
