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Retail

Changi Airport stores continue to absorb goods and services tax hike in 2024

Elizabeth BakerBy Elizabeth BakerJanuary 5, 20243 Mins Read
Photo credit: Changi Airport Group

Participating retail shops in the public areas of Changi Airport’s four terminals have continued to absorb the goods and services tax (GST) in 2024, as it increased from 8% to 9% on January 1, 2024.

To access the GST savings, shoppers need to sign up for the free Changi Rewards loyalty program. For nine days in January, under the 2XGST promotion, shoppers will also get an additional 9% off their purchases with a minimum net value of S$30 (US$22) after deducting all other discounts. In addition, customers who spend a minimum of S$60 (US$45) and pay using Mastercard via Changi’s digital wallet Changi Pay will receive a S$9 (US$7) Changi Pay return voucher credited to their account.

Phau Hui Hoon, vice president for landside concessions at Changi Airport Group, said, “We have been working with tenants to absorb GST for retail spend in the stores of our public areas for the past 15 years since 2009 and are glad that this partnership has continued until today. Coupled with the 2XGST promotion in January, we hope to not only bring our tenants more sales but also treat shoppers to a little reprieve from the GST hike and spread some cheer ahead of the upcoming festive season.”

Alongside this promotion, the airport has opened more shops in Terminal 2. Eu Yan Sang, the traditional Chinese medicine retailer Lynk Fragrances, which specializes in a wide range of scent products, and Baker’s Well, which serves holiday goods, are some of the newer retail shops where customers can enjoy GST absorption and the 2XGST promo while stocking up for the upcoming Lunar New Year season.

Although food and beverage outlets are excluded from GST absorption and the 2XGST campaign, visitors can also visit a variety of new restaurants at T2. A-Roy Thai, known for its northeastern Thai cuisine has dishes like Lemongrass Salad or Steamed Seabass with Spicy and Sour Soup, and the Changi-exclusive Thai Crab Curry Rice Noodles. For those looking for Japanese cuisine, Ramen Keisuke Singapore showcases specialty ramen infused with a local twist like the Changi-exclusive Bak Kut Teh (pork rib broth) and Laksa (spicy coconut soup) flavors. Ginza Tendon offers Itsuki’s tempura (fritters) on a steaming bed of rice. The mezzanine level of Jones the Grocer, slated to open in January 2024, has a restaurant, show kitchen and island bar with views of the terminal. Diners can look forward to a myriad of dishes, pizza straight from a custom-made oven, cocktails and more.

Read more of the latest retail updates from the passenger terminal industry, here.

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