http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_351235.html
Sentosa gives 15% rent rebate
By Lim Wei Chean
SENTOSA Development Corporation (SDC) is the latest landlord to offer 15 per cent rental rebate to its tenants.
The move, back-dated to Jan 1, will benefit 47 tenants who run attractions, beach pubs as well as food and beverage outlets, among others. They will receive rebates of between S$180 and S$3,000.
SDC, which announced the rebate on Tuesday, said it will cost the company more than $600,000 in revenue lost and benefit over 80 per cent of the Sentosa tenants.
Sentosa's chief executive officer Mike Barclay said: 'Sentosa is channelling the savings we will get from the government's property tax rebates back to our island partners. These rebates are consistent with our wider objective of working with our island partners to create irresistible value for all guests visiting Sentosa, Asia's favourite playground.'
Sentosa joins four other Government agencies - the Housing Board, Singapore Land Authority, JTC Corporation and National Environment Agency - in offering the 15 per cent rental rebates.
Sentosa gives 15% rent rebate
By Lim Wei Chean
SENTOSA Development Corporation (SDC) is the latest landlord to offer 15 per cent rental rebate to its tenants.
The move, back-dated to Jan 1, will benefit 47 tenants who run attractions, beach pubs as well as food and beverage outlets, among others. They will receive rebates of between S$180 and S$3,000.
SDC, which announced the rebate on Tuesday, said it will cost the company more than $600,000 in revenue lost and benefit over 80 per cent of the Sentosa tenants.
Sentosa's chief executive officer Mike Barclay said: 'Sentosa is channelling the savings we will get from the government's property tax rebates back to our island partners. These rebates are consistent with our wider objective of working with our island partners to create irresistible value for all guests visiting Sentosa, Asia's favourite playground.'
Sentosa joins four other Government agencies - the Housing Board, Singapore Land Authority, JTC Corporation and National Environment Agency - in offering the 15 per cent rental rebates.
