Singapore: Asia’s Luxury Test Lab

240,000 millionnaires. One chance to get it right. The next level of retail experience.

July 12, 2025
By Matthias Weiskopf

Singapore is no longer just a shopping destination. It’s becoming the test lab for luxury retail in Asia — and the signs are everywhere.

Retail brands are rolling out café boutiques, salon-only previews, and cross-sector experiences. Not in Paris. Not in Shanghai. In Singapore.

Why Singapore?

  1. Over 240,000 millionaires live in the city — and thousands more visit regularly from Indonesia, India, Vietnam, and beyond.
  2. Luxury sales are projected to hit S$13.9 billion in 2025, up 7% year-on-year.
  3. Singapore is increasingly used as a pilot market for Southeast Asia:
  4. Cartier’s Trinity exhibition
  5. Dior’s immersive beauty pop-ups
  6. Coach Play’s heritage bar
  7. Van Cleef & Arpels’ L’École jewellery school
  8. All launched in Singapore first.

Retail innovation is real

From the Audemars Piguet Café and invite-only lounges at Marina Bay Sands, to private client salons at ION Orchard and pop-up beauty playgrounds by Chanel and Gucci at Raffles City — brands are pushing boundaries in customer experience.

And beyond infrastructure, Singapore offers something just as powerful: Neutral ground. It’s stable, globally connected, and reputation-safe.

All of this makes it the perfect playground.

But here’s the reality most brands still overlook:

Customers no longer compare just products. They compare experiences. And they compare people.

It’s not enough to invest in architecture, locations, or product drops. Sales teams must match that same level of innovation.

Because the real battle isn’t won at the entrance. It’s won during the interaction.

After 25+ years building retail excellence across Asia and the Middle East — from Porsche to Ferrari, from heritage icons to new luxury formats — the pattern is clear:

When sales teams are trained beyond the product, the results follow.

Luxury in Asia

Luxury in Asia


About the Author

Hi, I’m Matthias Weiskopf. I teach and talk about Luxury in Asia and customer-centric strategies. With over a decade of experience in luxury automotive and retail, I’ve worked across key Asian markets including Singapore, Hong Kong, China, Taiwan, South Korea, and India. I bring a mix of cultural insight and practical know-how to help businesses achieve sustainable sales and marketing excellence — aligning strategy with real-world methods that drive performance.

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