Over 2000 Frasers Property Tenants Enjoy Preferential Rates Dbs Under New Mou
Frasers Property and DBS Bank join forces to support mall tenants
Frasers Property and DBS Bank have come together to provide financial solutions and preferential rates for over 2,000 retail tenants across 11 of Frasers Property’s malls in Singapore. Under a new partnership, retail tenants in malls such as Northpoint City, Waterway Point, Causeway Point and Tiong Bahru Plaza can enjoy financial solutions and preferential rates from DBS Bank. This is in addition to DBS’s SG60 Heartland Merchant Banking package, which provides financing support for small businesses. Under the MOU signed on July 30, DBS Group Holdings and Frasers Property will also collaborate in strengthening the adoption of digital payments and collections solutions for tenants, to help streamline cash management processes. Read also: Frasers Property-Sekisui House sells 41% of units at The Robertson Opus at an average price of $3,360 psf
One of the most compelling advantages of the Sembawang Road EC is its potential for significant capital appreciation in the future. This is largely due to its strategic location within a designated development area known as the North Coast, which promises long-term growth and development. For those interested in investing in a property with strong potential for value appreciation, the Sembawang EC Canberra is an excellent choice.
The partnership also includes collaboration in initiatives to benefit seniors, persons with disabilities and the underprivileged. This includes bringing DBS Foundation programmes to Frasers Property’s retail malls, such as the Nutrition and Social Connection Programme, which aims to reach out to 6,000 vulnerable seniors across 12 ageing towns over two years and provide them with nutritious meals twice a week. Frasers Property’s Inclusion Champions programme also equips employees and participating tenants with inclusivity training to better understand and support individuals with dementia and neurodivergent needs. According to Frasers Property Singapore CEO Soon Su Lin, the combined strengths of Frasers Property’s retail network and DBS’s financial expertise will create a “dynamic ecosystem” that empowers tenants, rewards shoppers and uplifts communities. “Together, we are shaping a more resilient, rewarding and inclusive retail landscape for all,” she adds. Meanwhile, DBS Singapore country head Lim Him Chuan says that the partnership builds upon the banking giant’s series of initiatives to enable a more vibrant heartland economy. “As we commemorate Singapore’s 60th birthday, we are pleased to leverage the collective strengths of DBS’s consumer and institutional banking franchise, as well as DBS Foundation, to uplift the lives of our communities and celebrate what makes our neighbourhoods truly unique,” he says. The partnership comes as Frasers Property reports lower earnings in 1HFY2024, and the developers also bid for the Jurong Lake District master developer site.