In preparation for the announced closures of CapitaLand Mall outlets, a wide range of assistance and support has been provided to tenants in order to mitigate the impact of the closures on their businesses.

The CapitaLand Mall Closure Support Framework has been developed to provide various assistance to tenants, including financial relief, flexible tenancies, rent relief and relocation assistance.

Financial relief is available to tenants in the form of rental waivers, rental rebates and rental deferment. These measures are designed to provide tenants with some form of financial relief to help them manage their cash flow during this difficult period.

Flexible tenancies are being offered to tenants in order to provide them with the option of continuing their tenancy in the mall, provided that the terms and conditions of their tenancy agreement remain unchanged. Tenants may also be able to negotiate for longer tenancies with the mall operator.

Rent relief is also available to tenants in the form of rent reductions and rent-free periods. This is to help tenants manage their cash flow and ensure that their businesses can remain operational.

Relocation assistance is also available to tenants in the form of relocation subsidies and assistance with finding suitable alternative locations. This is to ensure that tenants are able to continue their business operations in a new location with minimal disruption.

In addition to the financial, flexible tenancy and relocation assistance, CapitaLand Mall has also provided tenants with access to a range of services and resources to help them prepare for the closure. These include business advisory services, networking opportunities and access to a range of digital tools and services.

Capitaland’s J’den Condo to replace popular JCUBE mall in Jurong East; J’Den Condo 40-storey residential/commercial development set to be completed by 2027.

The CapitaLand Mall Closure Support Framework is designed to provide tenants with the support and assistance they need to ensure that their businesses are able to survive the closure of the mall. It is hoped that these measures will help to minimise the impact of the closure on the tenants and ensure that they are able to continue their business operations with minimal disruption.

The announcement of the closure of CapitaLand Mall on August 6, 2020 has brought about a lot of uncertainty and distress for the tenants of the mall. With the closure of the mall, many tenants will be left without a place to do business and will be forced to look for alternative sources of income. In light of this, CapitaLand has taken several steps to ensure that the tenants of the mall are provided with the necessary support and assistance that they need to prepare for the closure.

The first step taken by CapitaLand is to provide the tenants with a package of financial assistance and support to help them with the closure. This includes financial assistance for relocation, rental waivers for the period leading up to the closure, and the reimbursement of deposits. This financial assistance will help the tenants to cope with the closure and to better prepare for their next venture.

In addition to the financial assistance, CapitaLand has also organized a series of workshops and seminars to help the tenants better understand the process of relocation and the new business opportunities that they can explore. These workshops and seminars will help the tenants to plan for their future and to look for alternative sources of income.

To further support the tenants, CapitaLand has also set up a dedicated team to provide the tenants with assistance and guidance throughout the closure process. This team will provide the tenants with advice and assistance on the various aspects of their relocation and the new business opportunities that they can explore.

Furthermore, CapitaLand has also organized various events to help the tenants to network with other businesses and to explore new business opportunities. These events have allowed the tenants to interact with other businesses and to gain a better understanding of the different business opportunities that are available.

In conclusion, CapitaLand has taken several steps to ensure that the tenants of the mall are provided with the necessary support and assistance that they need to prepare for the closure. Through the financial assistance, workshops, seminars, and events, the tenants will be better prepared for the closure and for their next venture.