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.

Singapore's luxury goods market is thriving, with high demand for high-end fashion and luxury brands among the affluent. In fact, the <a href="https://www.statista.com/outlook/cmo/luxury-goods/singapore" data-saferedirecturl="https://www.google.com/url?q=https://www.statista.com/outlook/cmo/luxury-goods/singapore&amp;source=gmail&amp;ust=1710321831762000&amp;usg=AOvVaw3IIp0_ppyybRrGaUB54szE">luxury goods market in Singapore is projected to generate revenue of US$4.23 billion in 2024</a>, 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 <a href="https://bjluxury.com/?v=0f177369a3b7">BJ Luxury</a>.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

Advertisement