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>.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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