Rents

Industry Players Warns Of Looming Big Collapse Of F&B Businesses Unless Landlords Slash Their Rents

Industry Players Warns Of Looming Big Collapse Of F&B Businesses Unless Landlords Slash Their Rents

In the wake of the announcement made by the Restaurant Association of Singapore (RAS) that Jewel Changi has decided to offer a 50% rebate to all its F&B tenants due to to the Covid-19 outbreak in Singapore, industry experts also called on other landlords to follow suit. This, they said, was in expectation that F&B businesses will be hard hit by the virus outbreak.

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