New crown pneumonia | URA extends rent concessions for tenants for another 6 months, ending at the end of September this year

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Written by: Wang Jieen

2021-04-29 18:56

Last update date: 2021-04-29 18:56

The new crown pneumonia epidemic is not over.

The URA announced today (29th) that in response to the impact of the epidemic on the economy, the URA will extend rent concessions for its residential and commercial tenants for another six months until the end of September this year.

Affected by the epidemic, the URA will extend the rent concession for its residential and commercial tenants for another 6 months.

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The URA pointed out that it has provided rent concessions to tenants since April last year, and it has been one year.

The board of directors today approved the extension of the implementation details and eligibility for the rent reduction measures under its tenants.

The tenants who benefited include the shops affected by the epidemic in development projects, conservation and revitalization projects, and the monthly rent can be reduced by 75%; while the URA has a joint venture with 7 shopping malls and about 280 commercial shop tenants, different The industries have different degrees of relief, with the highest reduction being 75% of the original rent. Shopping malls include Citywalk, Lee Tung Street, THE FOREST, etc.

The URA also pointed out that if the tenant has already paid the rent for April and May, the amount of the concession will be calculated into the rent for June and the following months.

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