Preparing for a downturn: How services sector is holding up

Consumers reining in spending, but it's not all doom and gloom

Ms Gracelyn Lin, CEO of Sing See Soon Floral and Landscaping, opened a second branch of the family business in May and says sales at the garden centre in Simei have been growing steadily.
Ms Gracelyn Lin, CEO of Sing See Soon Floral and Landscaping, opened a second branch of the family business in May and says sales at the garden centre in Simei have been growing steadily. ST PHOTO: ZHANG XUAN

When florist Gracelyn Lin opened a second branch of her family's business in May, friends were concerned.

"They said, 'Why open now, during bad times?' If people are hesitant to spend, flowers are probably something they will cut back on," says Ms Lin, chief executive of Sing See Soon Floral and Landscaping.

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A version of this article appeared in the print edition of The Sunday Times on July 21, 2019, with the headline 'Services'. Subscribe