Young Singaporeans are rushing to lock in big-ticket items like electronics, furniture and home appliances before the tax hike. Photo: Shutterstock
Young Singaporeans are rushing to lock in big-ticket items like electronics, furniture and home appliances before the tax hike. Photo: Shutterstock
Singapore

Young Singaporeans rush to beat GST hike, but will continue ‘YOLO’ spending habits

  • Observers say the GST hike is unlikely to dampen spending for a generation of Singaporeans for whom job security is less of a concern than others
  • The government is issuing handouts to Singaporeans and offering support for lower-income households ahead of the staggered tax hike

Young Singaporeans are rushing to lock in big-ticket items like electronics, furniture and home appliances before the tax hike. Photo: Shutterstock
Young Singaporeans are rushing to lock in big-ticket items like electronics, furniture and home appliances before the tax hike. Photo: Shutterstock
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