12 Apr '11, 1pm

S'pore among top 10 destinations for luxury and fashion brands: This was according to an annual surv... #realestate

S'pore among top 10 destinations for luxury and fashion brands: This was according to an annual surv... #realestate

SINGAPORE: Singapore ranks among the top 10 destinations for luxury and business fashion brands worldwide - attracting 69 per cent of over 300 of the world's top global luxury retailers and business fashion brands. This was according to an annual survey by real estate firm CB Richard Ellis (CBRE). Meanwhile, Hong Kong has maintained its position as the most popular destination for luxury retailers worldwide, attracting 84 per cent of the luxury brands covered. CBRE said Tokyo and Beijing also feature in the top 10, confirming that Asia continues to be a key target for luxury brands. Ms Letty Lee, director of Retail Services at CBRE Singapore, said the Singapore growth story continues to be a big deciding factor for luxury and fashion retailers, lured by the prospect of a continuous stream of spenders both local and abroad. Experts at CBRE said that the Integrated Resorts a...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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Singapore a top destination for luxury brands

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