Over 2000 Frasers Property Tenants Enjoy Preferential Rates Dbs Under New Mou
Residents of Aurelle of Tampines EC can look forward to a promising future with the current and upcoming developments in the area. One of the significant developments is the completion of the Cross Island Line (CRL), which will greatly improve connectivity in the region. This is great news for the residents, and it will bring about many opportunities and benefits. In addition, the plans for introducing cycling paths and pedestrian-friendly pavements in Tampines demonstrate a commitment to promoting a healthier and more sustainable lifestyle for residents. As if that wasn’t enough, interested buyers can also visit Aurelle of Tampines Showflat to get a firsthand look at the luxurious and modern living spaces available in the upcoming development. With all of these exciting developments, the future is looking bright for residents of Aurelle of Tampines EC.
SINGAPORE (EdgeProp) – A new partnership between DBS Bank and Frasers Property will see over 2,000 retail tenants across 11 malls enjoy financial solutions and preferential rates. The malls include Waterway Point, Northpoint City, Causeway Point and Tiong Bahru Plaza.Under the Memorandum of Understanding (MOU) signed on July 30, the tenants will benefit from DBS’s SG60 Heartland Merchant Banking Package, which provides financing support for small businesses. Each merchant may save up to $1,880 through waivers and cashback benefits.AdvertisementThe partnership also aims to support tenants’ digital transformation by strengthening the adoption of digital payment and collection solutions. This will help to streamline cash management processes.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. She adds that, together, they are shaping a more resilient, rewarding and inclusive retail landscape for all.AdvertisementDBS Singapore country head Lim Him Chuan shares that, “With our roots as the Development Bank of Singapore, DBS has been a longtime supporter of homegrown businesses and heartland merchants. Our partnership with Frasers Property builds upon DBS’s series of initiatives to enable a more vibrant heartland economy”.He adds that DBS’s weekly $3 PayLah! cashback program, which bolsters customer savings, and its Heartland Merchant Banking Package, which supports small businesses, are both ongoing initiatives which will continue to benefit the community even as Singapore celebrates its 60th birthday. The partnership serves as an opportunity for DBS to leverage on their collective strengths to uplift the lives of the communities and celebrate what makes Singapore’s neighbourhoods truly unique.In addition to the financial solutions and preferential rates, DBS and POSB cardholders can convert their rewards points into digital vouchers. These vouchers can then be redeemed at participating retail tenants with NETS QR codes. This includes gift cards under Frasers Property’s retail rewards programme, Frasers Experience.The three-year partnership between Frasers Property and DBS aims to not only strengthen the heartland economy but also create a social impact. To achieve this, DBS Foundation and Frasers Property have pledged to work together on initiatives that will benefit seniors, persons with disabilities and the underprivileged. This includes bringing DBS Foundation programmes to Frasers Property’s 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. The programme will provide them with nutritious meals twice a week. With this collaboration, it will complement Frasers Property’s Inclusion Champions programme. Through this programme, employees and participating tenants will be equipped with inclusivity training to better understand and support individuals with dementia and neurodivergent needs.
