Chong Kee Hiong on COVID-19 (Temporary Measures) Bill
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Chong Kee Hiong on COVID-19 (Temporary Measures) Bill(Updated: )
Shorten the temporary rent deferment measure from six months to three months so that the risk is balanced out between tenants and landlords, and legislate the repayment terms and interest charged. MP Chong Kee Hiong made these two suggestions in Parliament on Tuesday (Apr 7), during the debate on the COVID-19 (Temporary Measures) Bill. He also pointed out that if many companies choose to defer lease payments, there could be adverse implications for the banking and financial system and even for S-REITs, which would in turn impact ordinary retail investors.