CapitaLand introduces wide-ranging support measures to help Singapore retailers ride through COVID-19

CapitaLand stands ready to support its business partners ride through challenges brought on by the coronavirus disease (COVID-19).

As a start, CapitaLand introduced wide-ranging support measures for its retail partners operating more than 3,500 stores across CapitaLand malls in Singapore. This includes the flexibility to operate shorter store hours and a S$10 million ($7.2 million) marketing assistance programme.

Jason Leow, president, Singapore & International, CapitaLand Group, said, “Growing CapitaLand’s shopping mall network in Singapore over the years, we are [cognizant] that we will succeed only when our retailers do. We are reaching out first to our retailers as their businesses have been directly impacted. The customized support we offer our Singapore retail partners will be based on their specific needs and trades. It will take into consideration the impact of the situation on the performance of their stores across the malls within CapitaLand’s netw