Property Tax

According to See Wei Hwa, director of tax at KPMG, the 100% property tax rebate for qualifying commercial properties will result in cashflow support of up to 1.2 months of rent for companies in industries adversely affected by Covid-19.

SINGAPORE (Oct 27): Mapletree Greater China Commercial Trust (MGCCT) has announced a Distribution Per Unit (DPU) of 3.61 cents for the 1H ended Sept, 3.2% higher than a year ago.

SINGAPORE (Oct 27): DBS is maintaining its “hold” call on CapitaLand Retail China Trust (CRCT) with a target price of $1.60, citing factors out of its control such as currency depreciation and higher property taxes.