Will GST increases further cause the death of the Singapore retail scene?

Nowadays, the queue at Kranji MRT waiting for either 170x or CW2 have grown exceptionally long. The Malaysian Immigration booth are stamping S’pore passports by the thousands every day.

Masses of Singaporeans (and even foreigners) are crossing over into JB to spend, shop, eat & relax on their day off. Even Pioneer & Merdeka cohorts are crossing over to JB to buy their medicines instead of buying it in S’pore. Even simple medication like Panadol, Ibuprofen, etc cost more in S’pore than in JB.

The projected increase in GST will only increase the crowds spilling over into to take advantage of their lower cost of living and the Malaysian Ringgit vs Singapore dollar’s ratio of 3:1.

What will be the long-term implications?

Retail REITs will soon face a Retail Apocalypse with an increase in GST as people are increasingly no longer spending their money in the Singapore Malls. They are buying only essentials holding off purchases for online buying, overseas trips or in JB. S’pore Malls are increasingly becoming showrooms for people to try out & then buying it online!

S’pore domestic retail businesses will continue to die a slow death with people crossing over to JB to spend. Look at the exodus of International Retailers from the S’pore retailing scene which is getting more common.

Is there really any hope for S’pore’s retail future? Or are we fooling ourselves thinking the S’pore Economy is still so rosy as reported in the Sunny pro-establishment local media.

 

*Comment first appeared on TRE.

 

 

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22 Responses to “Will GST increases further cause the death of the Singapore retail scene?”

  • pap has the mandate:

    Singaporeans or Stinkies have no backbones, they will say Malaysia is a dangerous place and agreed with the PAP Government and yet they will visit Malaysia for the cheap groceries without fear….LOL..what irony!!!!!

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  • opposition dude:

    Retail close down then good. After all aren’t the jobs done by non Singaporeans already these days?

    If more shops close due to whatever reasons then we would have less aliens on the island since there would not be any work for them, isn’t this a good thing?

    We all always did want less aliens in Singapore now did we not?

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  • Fark By Immigratn:

    Malaysians are flocking into SG to work. Look at PUBLIC SECTOR how many immigrants are working in IT.
    Are they spending in SG?! No. I been to friends houses in Malaysia.
    They told me, they be crazy to buy flats in SG.
    They rather motorbike into SG but BUY BUNGALOW in JB.
    Dumb 70% still believes in PAP. Worst the Air head like LHL still
    believes in Puthucheary and Lee Bee Hwa. KNN. All these Lau CB
    are here to screw Singaporeans.
    You think Immigrants that great and all Singaporeans DUMB! CCB.

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  • PAP.GUARANTEE.WIN.GE2019/20:

    opposition dude:
    We all always did want less aliens in Singapore now did we not?

    Oppie supporters have pea brain.
    Without aliens, investors will pull out of Singapore and Singaporeans will not have any good jobs to queue up to buy condo.

    Do you want that, Pea Brain Oppie supporters ?

    For all Oppie supporters, do you know that Taiwan (呆湾) had just passed a Internal Security Act that is similar to Singapore ?
    https://www.youtube.com/watch?v=VNmqYhH1vC8

    Yes, Taiwan (呆湾) is a democratic island and under Democratic Progress Party President Tsai the ISA was passed today.

    Singapore is democratic just like Taiwan (呆湾).

    PAP.GUARANTEE.WIN.GE2019/20

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  • F .Up 4G:

    Why spend in Singapore when for every dollar, the value we get is least compared to nearby countries ?

    9% gst will ensure recession.

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  • opposition dude:

    PAP.GUARANTEE.WIN.GE2019/20: Oppie supporters have pea brain.
    Without aliens, investors will pull out of Singapore and Singaporeans will not have any good jobs to queue up to buy condo.

    Do you want that, Pea Brain Oppie supporters ?

    For all Oppie supporters, do you know that Taiwan (呆湾) had just passed a Internal Security Act that is similar to Singapore ?
    https://www.youtube.com/watch?v=VNmqYhH1vC8

    Yes, Taiwan (呆湾) is a democratic island and under Democratic Progress Party President Tsai the ISA was passed today.

    Singapore is democratic just like Taiwan (呆湾).

    PAP.GUARANTEE.WIN.GE2019/20

    Good one bro, your little pea brain always extolling how good PAP is has long shown you are only here to troll.

    It’s always laughable to read your simple minded comments though, please keep it up for years to come, we here at TRE need someone like you to entertain us and to laugh at in addition to the worse than worthless PAP!

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  • pap has the mandate:

    Serve coward Singaporeans right. Now, Singaporeans LAN LAN have to travel to Malaysia for cheap food and services. Singaporeans or stinkies I like to call them with no backbone. Stinkies even got bullied by PAP Government with GST increased and everything and their jobs taken away by foreigners and tourist. Stinkies can only keep quiet and LAN LAN with their balls disappearing. F U Stinkies with your PAP Government.

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  • DavidNeo&IreneVanessa:Bastards:

    Bus 170 don’t ply often. That’s why got long queues.Reyail here sure mati one. Even a loaf of bread is cheap. The brand starting with M with green pakaging nicer than the ones in Spore.

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  • PAP.GUARANTEE.FLOP.GE2019/20:

    Singaporeans have been shopping in Jb for decades. It’s just that now the prices are so ridiculous, more are going north.

    But a lot of Spore shops got branches in JB.

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  • PAP.GUARANTEE.FLOP.GE2019/20:

    But international brands like Nike, Swatch, more expensive in Malaysia.

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  • Buy sexy underwear in JB:

    cheaper.

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  • TruBlu:

    Partly.
    JOBLESSNESS(UNEMPLOYMENT N UNDER-EMPLOYMENT)of NATIVES is the main culprit!
    I dare Any govt economist challenge this statement?

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  • Excellent JB pharmacists:

    Can even buy restricted medication in Jb……..those only prescribed by our doctors. The pharmacists in Jb are as good as our doctors.

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  • 2020 is decade pap disappears:

    PAP.GUARANTEE.FLOP.GE2019/20:
    But international brands like Nike, Swatch, more expensive in Malaysia.

    not only cheaper but much, much cheaper.

    not paying pap land cost and also pap GST the S$ saved is very substantial, even for a loaf of bread.

    since most 70% sheep at home shaking or waiting for Grab food order, they should just hop over to JB once a week to top up necessities and save S$ for medical care in JB.

    every time we see a sheep without much S$ spending hard earned S$ in local shop we shake our heads. JB is not far away. just across the causeway. take the trip like a short holiday. the S$ saved is real, and a lot when multiplied by 52 weeks in a year.

    also so much cheaper to see doctor in JB. medicine is much cheaper too. in fact, as long as not spend locally, real savings.

    if sheep realizes this, and stop making pap folks rich via paying for pap land cost and pap GST increase, then, whether GST is 9% or 90% it doesn’t matter since S$ is spent in JB.

    of course need a quick item no choice lah. but take quick item purchases as luxuries. once in a very long while. in the end, wasting S$ paying for pap land cost and pap GST is foolish.

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  • PAP CLOSE DOWN:

    Foreigners come to Sing land also end up cowards. Because they will “appreciate” the intimidating and overbearing system very soon. All have to suck it up and suck it.

    pap has the mandate:
    Serve coward Singaporeans right. Now, Singaporeans LAN LAN have to travel to Malaysia for cheap food and services. Singaporeans or stinkies I like to call them with no backbone. Stinkies even got bullied by PAP Government with GST increased and everything and their jobs taken away by foreigners and tourist. Stinkies can only keep quiet and LAN LAN with their balls disappearing. F U Stinkies with your PAP Government.

    pap has the mandate:
    Serve coward Singaporeans right. Now, Singaporeans LAN LAN have to travel to Malaysia for cheap food and services. Singaporeans or stinkies I like to call them with no backbone. Stinkies even got bullied by PAP Government with GST increased and everything and their jobs taken away by foreigners and tourist. Stinkies can only keep quiet and LAN LAN with their balls disappearing. F U Stinkies with your PAP Government.

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  • Strange picture:

    That is a strange picture.

    When is this picture taken ?
    Where is this picture taken ? What mall is this.

    Dont see no shops ?

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  • Financially Speaking:

    The high S’pore Land cost radiates outwards affecting everything in S’pore.

    The govt & their GLCs/SWFs are doing global business big time which creates humongous cash needs & incurring huge debts. Yet the Non-Transparent nature of such conducting such business are baffling. Are they making money? Or not?

    There is high inflation in the land! The Paradox of a strong SG$ internationally yet a depressed purchasing power domestically.

    Excellent JB pharmacists:
    Can even buy restricted medication in Jb……..those only prescribed by our doctors. The pharmacists in Jb are as good as our doctors.

    2020 is decade pap disappears: not only cheaper but much, much cheaper.

    not paying pap land cost and also pap GST the S$ saved is very substantial, even for a loaf of bread.

    since most 70% sheep at home shaking or waiting for Grab food order, they should just hop over to JB once a week to top up necessities and save S$ for medical care in JB.

    every time we see a sheep without much S$ spending hard earned S$ in local shop we shake our heads. JB is not far away. just across the causeway. take the trip like a short holiday. the S$ saved is real, and a lot when multiplied by 52 weeks in a year.

    also so much cheaper to see doctor in JB. medicine is much cheaper too. in fact, as long as not spend locally, real savings.

    if sheep realizes this, and stop making pap folks rich via paying for pap land cost and pap GST increase, then, whether GST is 9% or 90% it doesn’t matter since S$ is spent in JB.

    of course need a quick item no choice lah. but take quick item purchases as luxuries. once in a very long while. in the end, wasting S$ paying for pap land cost and pap GST is foolish.

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  • REGIME CHANGE is the solution:

    Instead, “kill” PAP. Vote for regime change.

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  • Spineless civil servants:

    With so many spineless puppy servants who served their master callings; polishing a psueudo emperor who is on leave solving a complex maths instead of yur probkem ; the spineless servants are waiting in fear of their master who after solving the complex maths will come with a big axe to slay … those who are nominated elect are roosting in their fake glories of power fearing the master return. For not speaking up to protect our citizentry , these spineless are causing the rot and demise of this place .. a country without critical thinkers and thoughts leaders will self destruct . The better part of history had proven a weak leaders who hung on to a power structures will cause the rot before a murdurous renewal will take place .. globalisation reliance are sold by weak leaders who ran out of ideas as to how to harness it own Country Creative strength . Everybody who didn’t jump into the AI trench were seen to be weak …really? rather we should focus on sciences which improve everybody living – investing in health sciences . harnessing technologies which deals with environmental cleanliness … securing our future . Fuck the autonomous vehicle project but invest in electric cars and motorcycles instead .. fiack the spineless civil servants who date not move the agenda or fear their own rice bowls …

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  • To PAP Guarantee Win:

    To Mr PAP guarantee win,

    Next round perhaps can change your moniker to 30% guarantee lose or opposition guarantee lose.

    This will spice things up. Create more excitement here.

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  • Asd:

    Dont fake news ar

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  • The Clown Prince:

    Don’t worry, we will flood this island with the next milestone of 10 million people, this will general the much needed demand and GDP.

    There are over a billion of supply each from India and China, another 500M from this region, more than enough to outlast my lifetime.

    So what can you do about it? I will dole out a few chicken wings to silence these stupids, then milk them back again.

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