Indians boost Singapore luxury goods sales

Tourists from India are among the biggest spenders on luxury goods in Singapore, helping the city-state’s high-end product retailers defy a global downtrend in spending on premium products, a top business association here said Monday.

- PRESS TRUST OF INDIA

Indian tourists spent SGD 812.17 million in Singapore in the first half of 2025, a rise of 4.40 per cent over the same period last year, according to Singapore Tourism Board (STB) statistics.

“Indian travellers continue to be one of the island’s most commercially significant markets, and they are among the tourists helping to lift luxury spending in Singapore,” Orchard Road Business Association (ORBA) Chairman Mark Shaw said.

ORBA is Singapore’s key body managing and promoting Orchard Road, a premier shopping belt.

Experts say, besides India, tourists from China and Indonesia are also helping the city-state defy a global downtrend in luxury spending.