In recent news, CapitaLand, one of Singapore’s biggest shopping mall operators, has stepped in to provide assistance ahead of the August 6 shutdown of J’Den Condo, a shopping mall located in the heart of the country. With the closure of J’Den Condo, many retailers will have to relocate or close down, and CapitaLand is offering its support to these businesses.

CapitaLand has set up a rental relief package for the affected retailers, which includes a rental waiver and rental abatement period. This package is designed to provide financial assistance to the retailers during this difficult period. CapitaLand is also offering additional support services to retailers, such as business advisory services, marketing support and relocation assistance.

In addition to this, CapitaLand is also providing assistance to the affected tenants by offering them alternative locations to relocate to. The company has identified and secured several other locations for the tenants, and is helping them to make the transition to their new locations as smoothly as possible.

The closure of J’Den Condo is a major blow to the retail scene in Singapore, as it was the only shopping mall in the city centre. With the closure of J’Den Condo, retailers will have to look for alternative business locations, or risk closure. It is therefore encouraging to see CapitaLand stepping in to provide assistance to these businesses.

CapitaLand to redevelop JCube J’Den Condo as 40-storey residential/commercial development J’Den near Jurong East MRT, completion in 2027.

The closure of J’Den Condo is an unavoidable consequence of the changing landscape of retail in Singapore. With the rise of online shopping and the fall of physical stores, it is becoming increasingly difficult for retailers to survive. CapitaLand’s rental relief package and relocation assistance are therefore timely and welcomed measures that will help to ensure the survival of these businesses.

In conclusion, the closure of J’Den Condo is a major blow to the retail scene in Singapore, but CapitaLand is stepping in to provide assistance to the affected retailers. Through its rental relief package and relocation assistance, CapitaLand is helping these businesses to survive during this difficult period. This is an encouraging sign that shows the company’s commitment to the local retail scene.

Shopping malls in Singapore have been hit hard by the economic downturn caused by the COVID-19 pandemic, leading to the closure of several malls, including the iconic J’Den Condo. The mall, which was opened in the late 1990s, will be closing down on August 6, 2020.

In a bid to provide assistance to the affected tenants and mall workers, CapitaLand – one of the largest real estate developers in Asia – has stepped in to provide aid. The company has launched a “CapitaLand Care” initiative to offer financial, operational and emotional support to those affected by the closure.

The initiative includes a “Job Retention Scheme”, which provides financial support to retail tenants and mall workers who have been affected by the closure. The scheme will provide up to 80% of their salary for up to three months. CapitaLand has also launched a “Rent Relief Scheme” to provide rent relief for retail tenants for up to three months.

In addition, CapitaLand has set up a “Business Advisory” service to provide advice and support to affected tenants and mall workers on how to manage their business during this challenging period. This includes advice on digital transformation, marketing and operations, as well as providing access to enterprise partners for operational support.

CapitaLand has also launched a “Community Support Programme” to provide emotional support to affected tenants and mall workers. This includes providing social and emotional support, such as counselling and group activities.

The closure of J’Den Condo is a major blow to the local economy, with the loss of jobs and businesses. However, with the support of CapitaLand, affected tenants and mall workers can rest assured that they have the financial and emotional support necessary to cope with the closure.

CapitaLand’s initiative is a testament to its commitment to providing assistance to those in need. The company has taken a proactive approach by launching the initiatives to provide support to those affected by the closure of J’Den Condo. This demonstrates its commitment to the community and its willingness to provide assistance to those affected by the economic downturn.