LANDLORDS Mapletree and Lend Lease, which between them own and manage four shopping malls, announced yesterday that they would pass their government property tax rebate on to their tenants.

The 40 per cent rebate, for owners of industrial and commercial properties, is part of the $20.5 billion Resilience Package unveiled on Thursday by Finance Minister Tharman Shanmugaratnam. A key component of it is to help Singapore's companies cut costs.

Government-linked CapitaLand, Singapore's biggest landlord, was the first to announce the same day that it would pass the rebate down in full.

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