October 2nd, 2023, Carmen Yew
Indulge in the world of luxury shopping as we delve into the vibrant realms of Singapore and Hong Kong, two premier Asian destinations that captivate discerning connoisseurs of opulence. Singapore, a global financial epicenter and tourist haven, boasts a dazzling array of luxury brands, from Louis Vuitton to Chanel, nestled in upscale emporiums like ION Orchard and Paragon.
Meanwhile Hong Kong is a magnetic draw destination for many Chinese and Asian tourists, showcases a splendid tapestry of luxury labels along Tsim Sha Tsui's iconic Canton Road. From Louis Vuitton to Dior, these treasures are scattered across retail utopias like Harbour City and IFC Mall.
In our latest infographic, we offer a snapshot of the demographics of luxury shoppers in Hong Kong and Singapore, their purchasing habits, amount spent and more.
The data from our study shows that 28% of Hong Kong consumers and 20% of Singaporeans have bought luxury goods in the past 12 months, and around half are buying as a self-reward. Discover more in our infographic.