SINGAPORE : The Great Singapore Sale (GSS) has raked in at least US$588 million worth of sales during its two-month run from May 25 to July 22.
This was up 49% from last year, according to latest numbers from MasterCard Singapore.
It said most of the spending took place in restaurants, hotels and departmental stores.
Its Singapore cardholders spent US$363 million, up some 45% from last year.
This was despite a 2 percentage point hike in the Goods and Services Tax (GST) in July.
MasterCard said the jump in sales was a result of strong deals and promotions amid buoyant consumer sentiments across the region.
It added that overseas visitors chalked up more than US$224 million worth of purchases at the Great Singapore Sale, up 57% from last year.
Visitors from the US, Australia and Japan were the biggest spenders.
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CNA 
