The rise of preloved luxury goods

PETALING JAYA: Like most pre-owned luxury goods market in other countries, the business is growing in Malaysia with its current value estimated at almost RM4bil.

“The market for secondhand luxury is more active as many from the middle income groups cannot afford the retail price of these products,” said Universiti Tun Abdul Razak (UniRazak) economist Prof Dr Barjoyai Bardai.