31 Jul '13, 4pm

Geylang Serai bazaar sales fall 70%

SINGAPORE: It's less than a week before Ramadan comes to an end, but bazaar businesses in Geylang Serai have already seen a 70 percent drop in sales - the worst hit compared to previous years. Besides facing competition from neighbourhood bazaar and expo, the fall in Malaysian Ringgit has also prompted many Singaporeans to travel and shop across the Causeway. Geylang bazaar organisers said if this continues, owners face loss of up to $10,000. Shopping complex in Geylang Serai too faced a decline in customers. Boutique sales in Joo Chiat Complex fell 40 percent and this in turn affect the boutique's rental costs. Proceeds of sale in the month of Ramadan usually help to cover six months of rental costs. However, business owners are still keeping their heads high. They are hopeful that the GST voucher given out on Thursday will help improve sales.

Full article: http://www.channelnewsasia.com/news/singapore/geylang-ser...

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