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Landlords urged to limit retail rents by turnover

Fresh property news selection on March 31. 2020, Tuesday.

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This hopes to avoid permanent store closures as the pandemic hit stores’ sales.


The Singapore Retailers Association (SRA) is urging landlords to implement a rental payment structure based strictly on the gross turnover (GTO) for six months as the social distancing measures caused a loss in sales for tenants, according to an appeal letter.

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