Singapore’s luxury goods market is growing steadily, with a projected compound annual growth rate (CAGR) of 4.64% by 2027. Investing in luxury items in Singapore could unlock your lifestyle moves, allowing you to wear high-quality accessories, decorate your homes with valuable items, preserve financial value, and even make profits when you decide to sell them.
What Kinds of Luxury Investments Does Singapore Have?
Items like art, cars, real estate, watches, jewelry, and coins have been among the best-performing luxury goods in recent years. They provide satisfaction and pleasure to owners and hold intrinsic monetary value, which may increase as the demand increases.
You could buy high-end watch belts, bags, necklaces, earrings, or shoes to take your appearance to another level while improving your financial potential. Stock and forex trading in Singapore are other ways to invest your money; you buy and sell stocks of companies or currencies and keep profits.
Building your investment portfolio in a country like Singapore is more straightforward, thanks to the business-friendly environment and the robust economy that attracts wealthy locals and foreigners to inject money into the country. Whether you’re visiting or living here permanently, these high-end investments build your financial muscle in Singapore.
Luxury Cars
Luxury sports cars are loved and admired everywhere. You can have one or more for the status symbol or simply because you love driving around Singapore in a machine that makes you feel amazing.
Whatever your reason, owning a sports car is also some form of investment, primarily if you lay your hands on a limited edition. Maybe not immediately, but a few years from now, you could make some tidy profits by selling your sportscar to willing buyers who are never in short supply.
The cost of owning a luxury car in Singapore is naturally high, but owning a McLaren, BMW, Ferrari, or Porsche may position you for huge profits if you sell. In Singapore, a 993-generation Porsche 911 GT2 sold for £1.8 million (S$3.3 million), a Lamborghini Reventon Coupe sold for US$1.3 million (S$1.7 million), a Ferrari SA Aperta went for US$1.49 million (S$1.95 million), and a LaFerrari Aperta was sold for US$10 million (S$13 million).
Real Estate
Singapore and Switzerland rank first for the most expensive cities globally; housing is a crucial reason for Singapore's high cost of living. Private home prices rose 28% from Q1 2020 to Q1 2023, while public homes rose 32% in the same period. An average residential property costs S$4.19 million, making owning a home a significant financial decision.
Whether you buy or rent houses in Singapore, you should consider investing in real estate as a high-end investment. Real estate can unlock your earning potential, allowing you to earn profits from outright sales or rentals for many years. The population density means real estate is always in demand as residents seek better accommodations. The best part is that you can always enjoy living on your property.
Jewellery
Thanks to their appreciated prices over the years, gold and platinum jewellery are easily the best investments. You can buy diamonds, pearls, rare vintage rings, bangle bracelets, pendant necklaces, and a cocktail ring and profit from selling them later. Investing in jewellery goes beyond your fashion sense; you combine aesthetics with financial value, ensuring you stay profitable despite using the jewellery.
If you have yet to experience buying valuable jewellery, the Singapore International Jewelry Expo (July 11, 2024 – July 14, 2024) is a great place to find all kinds of items for your collection. You can also find many brands and get comfortable with the industry so that you can kickstart your jewellery investment journey from there.
Currencies and Stocks
Foreign currency investment involves buying and selling currencies online or as a licensed currency exchanger in Singapore. Investing in stocks is another option; simply purchase shares of companies and earn profits when they perform well on the stock exchange. The global currency market is worth trillions and has investors worldwide trading to make profits. Moreover, you can do this from your mobile device through companies providing market access.
Holding exotic and rare coins could also work for you because collectibles are worth massive amounts. Finding rare coins may be difficult, but if you are passionate about finding collectibles, you’d be a step closer to the market and finding traders.
Yachts
Ride along the beautiful waters of Singapore, take in the scenery, or spend a lazy afternoon with your family — luxury yachts are excellent for joining the big league if you plan on going big! Let's face it: yachts are expensive to buy and maintain. However, they also have excellent resale value, and if you want to rent yours out, you could build a passive income business raking in enough money to keep you happy. Fortunately, the demand for yachts is on the rise, with many pre-owned yachts on the market.
Designer Handbags and Designer Clothing
What’s a luxury investment collection with designer clothes and bags? With high resale values, you can enjoy your designer wear and get most of your money back. You can go for foreign brands like Louis Vuitton, Hermes, Chanel, or local luxury brands. You may decide not to sell, and that’s fine; the goal is to invest in quality, high-end items that preserve financial value while giving you the looks you deserve.
Discover and Enjoy Luxury Investments in Singapore
Singapore offers a series of high-end investment opportunities such as stocks, currencies, and even yachts. These investments can Improve your lifestyle and generate substantial profits over time. With Singapore's business-friendly environment and robust economy, building a diverse investment portfolio in this dynamic city-state is both accessible and rewarding. So, whether you're drawn to the allure of luxury cars, the enduring value of real estate, or the timeless elegance of fine jewelry, Singapore is a fertile ground for cultivating financial prosperity and indulging in the finer things in life.
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