SINGAPORE: Luxury spending is defying a global slump in Singapore, a beacon for high-end retailers grappling with sluggish demand in major markets, including China and the United States.
Luxury sales in the Republic are expected to climb 7% to US$13.9bil in 2025 compared with 2024, outpacing heavyweight regional shopping hubs Japan, China and South Korea, according to data shared with Bloomberg by Euromonitor International.
