Singaporeans Are Splurging on Luxury Goods Despite Industry Slowdown
A global luxury slump hasn’t stopped Singaporeans from spending. Despite slow demand for luxury goods in major markets like the U.S. and China, sales on the Southeast Asian island nation are expected to increase by 7 percent to S$13.9 billion ($10.9 billion) this year compared to 2024, according to market research firm Euromonitor International, Bloomberg…
