{"id":115832,"date":"2020-04-24T11:33:38","date_gmt":"2020-04-24T04:33:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-vows-to-aid-elderly-singaporeans-through-1million-worth-of-covid-19-reliefs\/"},"modified":"2020-04-24T12:23:00","modified_gmt":"2020-04-24T05:23:00","slug":"capitaland-vows-to-aid-elderly-singaporeans-through-1million-worth-of-covid-19-reliefs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-vows-to-aid-elderly-singaporeans-through-1million-worth-of-covid-19-reliefs\/","title":{"rendered":"CapitaLand vows to aid elderly Singaporeans through $1million worth of Covid-19 reliefs"},"content":{"rendered":"


\nThe group\u2019s move is intended to enhance the emergency preparedness for the elderly, considering that heightened precautions limited the volunteer support and supplies coming at their homes. Photo: CapitaLand
\nCapitaLand vows to aid the vulnerable elderly affected by Covid-19 through $1 million worth of support, coursed through its philanthropic arm CapitaLand Hope Foundation (CHF).
\nThe donation is part of the group\u2019s almost $6 million total pledge in the past 90 days, as support for the immediate needs of Covid-19 affected communities.
\nThis latest pledge of $1 million will be allotted in providing the seniors with meals and essentials, which include daily necessities, personal protection equipment, and smart communication devices.
\nThe group\u2019s move is intended to enhance the emergency preparedness for the elderly, considering that heightened precautions limited the volunteer support and supplies coming at their homes.
\n\u201cAs we strategise and adapt our business to overcome this pandemic and position CapitaLand for the new normal, we also saw a need to expand our philanthropic support to the wider community. This includes our seniors, who are right now amongst the most vulnerable, and we need to look out for them,\u201d said CapitaLand Chief Executive Officer, and Director of CapitaLand Hope Foundation Lee Chee Koon.
\nCapitaLand has pledged $1 million to provide seniors with essentials such as meals, personal protection equipment and smart items. Photo: CapitaLand
\nPart of the group\u2019s efforts is its partnership with the Community Foundation of Singapore\u2019s Sayang Sayang Fund where CHF contributed $700,000 to Agency for Integrated Care.
\n\u201cAIC is thankful for CapitaLand\u2019s support towards our Community Care partners that will be used for causes that include helping our seniors. The donation is especially significant and meaningful, given the challenging period we are going through,\u201d said Tan Kwang Cheak, Chief Executive Officer, Agency for Integrated Care (AIC).
\nThe donation will be devoted for \u2018CapitaLand #LoveOurSeniors\u2019 initiative which will provide emergency support for community care providers, including emergency protection equipment, disinfection of the premises, and support for affected staff, elderly and their family members.
\nAside from this, CHF has also delivered more than 300 meals to AWWA Senior Community Home and Apex Harmony Lodge (AHL), a purpose-built lodge for people with dementia, since 6 April 2020. The institutions will also be receiving meal support for the next six months. CHF also commits to provide AHL with 560 packs of 5kg Fragrance 43\u00b0N Jilin rice.
\nRefrigerators were also delivered, while other essential electronic and home appliances like air coolers and air purifiers, will also be sent to AHL.
\n\u201cCapitaLand\u2019s generosity through donations of scrumptious meals will go a long way in adding cheer to the lives of our seniors and staff, which can help keep their spirits and energy up during this challenging period. Many thanks to the CapitaLand team for their kind gesture and thoughtfulness,\u201d said AWWA Health and Senior Care director Ng Herk Low.
\nMoreover, CHF likewise aims to provide more than 30,000 meals for the elderly, as well as to other vulnerable groups like children from low-income families and community care staff through its \u2018CapitaLand #MealOnMe\u2019 initiative, together with food charity The Food Bank Singapore and CapitaLand malls\u2019 F&B tenants.
\nThese F&B tenants include, Creative Eateries Group, ABR Holdings, Katrina Group and The Minor Food Group that operate the likes of Bali Thai, ThaiExpress, Bangkok Jam, and Tip Top, among others.
\nCapitaStar members can also help to provide over 8,000 meals. From 23 April to 24 May2020, members can support a meal by donating 5,000 STAR$ (equivalent to S$5) through CapitaStar mobile app.
\nIt can be recalled that CapitaLand is among the earliest companies to roll out support measures since the Covid-19 outbreak began early this year. By mid-February 2020, it has already donated about $2.3 million to aid healthcare workers and affected communities in Singapore and China.
\n\u201cCapitaLand will continue to be proactive in assessing the most immediate needs of the community and extend our support to protect other vulnerable groups, such as the migrant workers in Singapore. By helping one another and standing together in solidarity, we will be able to overcome this crisis and emerge stronger and more united,\u201d assured Lee.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand vows to aid elderly Singaporeans through million worth of Covid-19 reliefs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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The board members and senior management of CapitaLand will take a 5% to 15% cut in their board fee and base salary effective 1 April to show \u201ctogetherness and solidarity\u201d with stakeholders amidst\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob\/","url_meta":{"origin":115832,"position":1},"title":"CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB","date":"May 28, 2020","format":false,"excerpt":"\r The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore. Photo: CapitaLand CapitaLand has secured a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-drops-89-in-1h-2020\/","url_meta":{"origin":115832,"position":2},"title":"CapitaLand profit drops 89% in 1H 2020","date":"August 7, 2020","format":false,"excerpt":"\r With COVID-19 pandemic adversely affecting its financial performance, CapitaLand Limited\u2019s profit after tax and minority interest (PATMI) plunged 89%, to $96.6 million in the first half of 2020 from $875.4 million over the same period last year. 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