Watch Lovers Flock to Singapore
Great prices on luxury items in Singapore
Even though Singapore has no recognized brands in the luxury market, they are becoming even more widely known as a prime destination for luxury items.
Singapore for Luxury watches
There are many reasons why Singapore has grown in the luxury market. Primarily, it’s because of the very favorable exchange rate for the Singapore dollar. Many Chinese buyers are flocking to their country to make their money go further. Straitstimes breaks it down:
Singapore has managed to become the top global destination for Chinese shoppers keen to buy such items.
They spent at least $265million on watches and jewellery during visits to the Republic between last April and this February.
Another great reason to get your luxury watches from Singapore is that there is a much smaller replica market there. You are much less likely to bump into a fake watch.
Singapore is even a destination for many American buyers for the reasons listed above. Instead of heading to the typical shopping locations, the world is looking east. Switzerland, who has always been considered the source for luxury goods has been feeling this pinch. In contrast to Singapore, Switzerland came in 7th with a total of $54 million in sales.
Looking to purchase a luxury timepiece? You might consider Singapore…
