On 26 March 2020, property developer Tropicana Corporation Berhad announced that the Group will waive the rental fees to the tenants at Tropicana Gardens Mall throughout the duration of the Movement Control Order (MCO), in support of its tenants “affected or unable to operate during this period of uncertainties”.
In light of the COVID-19 outbreak and wave of drastic safety measures to contain the chain of infection, malls are struggling to cope during the MCO, especially since the announcement that the MCO will be extended by two weeks until 14 April 2020. Under the order, Malaysians are urged to stay at home and non-essential businesses to remain closed.
According to the Group, waiving the rental for longer than two weeks for tenants of the one million sqft mall makes them the first landlord to do so, adding that “these are unprecedented times experienced by all Malaysians”.
Sources: Tropicana Press Release, TodayOnline, CNA
