Singapore's luxury goods market is thriving, with high demand for high-end fashion and luxury brands among the affluent. In fact, the luxury goods market in Singapore is projected to generate revenue of US$4.23 billion in 2024, up from US$4.07 billion in 2023, according to research by Statista.  

But now that luxury brands are raising their prices year-on-year, why is there still a strong appetite for designer handbags?

And if you're in the market for an investment piece, how well do top performers a Chanel or Hermès perform in the long-run?

Jana Lata, General Manager at BJ Luxury.