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>.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.