Fortitude Budget enhances rental support to SMEs; rental waivers to be mandated – EdgeProp Singapore

Property Tax Rebate for non-residential properties, announced earlier in the Unity and Resilience Budgets

The rebate is given to property owners, who are required to pass it on fully to their tenants

100% Property Tax Rebate (equivalent to about 1.2 month’s of rent)

30% Property Tax Rebate (equivalent to about 0.36 month’s of rent)

[New] Government cash grant

SME tenants in private properties

Cash grant of ~0.8 month’s of rent, which will be automatically disbursed to property owners from end-July 2020.
Landlords are required to pass on the benefit to their SME tenants.

Cash grant of ~0.64 month’s of rent, which will be automatically disbursed to property owners from end-July 2020.
Landlords are

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