The Business Times
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Can Singapore stay at the forefront of the global luxury market?

Despite a worldwide slowdown, the rise of quiet and experiential luxury is working in the Republic’s favour

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Navene Elangovan &

Nivani Elangovan

Published Fri, Oct 24, 2025 · 02:00 PM
    • More shoppers are seeking out "quiet" or experiential luxury rather than the status that comes with owning designer goods.
    • More shoppers are seeking out "quiet" or experiential luxury rather than the status that comes with owning designer goods. IMAGE: MARIO MONREAL, BT; ADOBE STOCK

    [SINGAPORE] Shaun Quek, 48, spends nearly six figures a year on luxury goods. But while he used to purchase them with the intention of owning specific brands such as Louis Vuitton and Bvlgari, the founder of creative agency TMRW says he now wants pieces that reflect “milestones” in his life.

    “I’m looking more for unique, customisable pieces, as opposed to the mass-produced items.”

    He’s not alone.

    BrunchLuxury GoodsLifestyleLVMHguccikeringFashion industryFashionLuxury assetsHigh net worth individualsSingaporeRetailretail salesAsia-Pacific

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