Sunway Malls grants 14-day rent free to affected non-essential retailers

24 Mar 2020 / 10:29 H.

Following the Prime Minister’s announcement on the movement control order (MCO) from March 18 to 31, Sunway Malls has taken cognisance of the impact of the order has for non-essential trade retailers due to the mandatory trading cessation of 14 days.

While Sunway Malls supports the Malaysian government’s decision on the movement control order as the national top priority to reign in on the virus outbreak and protect the safety of the community, the mall group also believes that the long-term sustainability of our business partners is also an important facet.

While essential supplies and services such as supermarket, pharmacies, convenience stores and F&B outlets (delivery & takeaway) remain open to continue serving the community, non-essential trade for example fashion, home furnishing, entertainment and leisure outlets are mandated to cease trading during the 14-day period.

For non-essential trade retailers, the current situation puts a tremendous strain on revenue and cash flow.

Henceforth, Sunway Malls (Sunway Pyramd, Sunway Velocity, Sunway Carnival, Sunway Putra, Sunway Big Box Retail Park, Sunway Giza and Sunway Citrine) is granting RM20 million rent free to non-essential trade retailers for the 14-day period from March 18 to 31. The mall group will also undertake steps to ease credit control for retailers in this difficult period.

“The global scale of this outbreak is both unprecedented and uncharted. At times like these, everyone is losing. Each of us has the responsibility to shoulder and share the pain. This grant is expected to bring a certain degree of comfort and relief to Sunway Malls’ affected retailers,” said HC Chan, CEO of Sunway Malls and Theme Parks.

Sunway Malls is still monitoring the situation closely and reviewing the developments as it unfolds.

email blast