Supports offered by CDL to tenants impacted by Phase 2 (Heightened Alert) period

Singapore, 21 May 2021 – With the Singapore government’s latest announcement on Phase 2 (Heightened Alert) in the fight against COVID-19 from 16 May through 13 June 2021, City Developments Limited (CDL) will be rolling out support initiatives for tenants and will continue to work directly with them to navigate the operational challenges during this period. This includes providing rental, operational and marketing support to tenants adversely impacted by stricter measures during this period of heightened alert.

CDL eMall, an online retail and F&B sales and delivery platform for City Square Mall, Palais Renaissance and Republic Plaza, was launched end-2020 to provide tenants with an alternative sales channel, enhance their online presence and allow them to extend their customer reach. The platform features more than 1,000 offerings from over 30 retailers and F&B outlets.

CDL will provide marketing support through this platform, with absorption of onboarding cost, zero commission and free delivery. In addition, from 19 May 2021, CDL will extend the grace period for delivery drivers to 30 minutes at City Square Mall.

Yvonne Ong, CEO of Commercial of CDL, said, “As the fight against COVID-19 pushes on with the latest tightening of measures under Phase 2’s heightened alert, CDL has begun reaching out to affected tenants, starting with those most adversely impacted. We are better positioned to manage the situation as compared to a year ago and will work closely with our tenants to navigate the challenges together, through adjusting our operations and rendering necessary assistance and support during this time.”

Since the beginning of the pandemic last year, CDL has committed over S$40 million in property tax and rental rebates to tenants in Singapore and overseas, to help their businesses which have been significantly impacted by COVID-19. Tenants facing severe cash flow issues have also been offered more flexibility in rental payments.

– Construction+ Online

Source: CDL