For SME tenants that are leasing non-retail properties such as industrial or office spaces, a cash grant of approximately 0.64 months of rent will be provided by the government, bringing total government support worth about one month of rent.
SINGAPORE (May 28): The latest Fortitude Budget doled out help for Singapore REITs (S-REITs) in the form of cash grants disbursed to SMEs to offset rents during this trying period.
Under the grants, retail SME tenants will receive a new cash grant to offset rental costs, amounting to about 0.8 months of rent. This brings total rental rebates provided by the government to about two months, inclusive of property tax rebates announced in previous budgets.
