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To help ease cost pressure on
companies, I have decided to give a 15 per cent
rebate for commercial and industrial properties
for the year commencing July 1998. The revenue
loss to Government is estimated to be $145 million.
HDB, JTC and other Government agencies owning
properties will pass on most of this rebate to
their tenants. The Government also strongly encourages
landlords to do likewise, and pass on at least
half of the rebate to their tenants. |
