How much do watches cost in Singapore

    Singapore has always been a great place to purchase luxury goods, but is it cost-effective to buy watches there? What are the prices like? Please see the answer from Watch Home below.

    Although Singapore does not manufacture watches on a large scale, its extensive connections and business dealings with major global watch manufacturers allow it to offer customers competitive pricing and a diverse range of products. Singapore has become a significant watch trading hub in Asia, offering a wide variety of brands across high, medium, and entry-level price points, with a particularly active luxury watch market and high market share.

    The industry in Singapore considers watches priced above 600 SGD as high-end, with some luxury watches costing nearly a million dollars—equivalent to the price of 5 standard apartments in the city centre. 99% of luxury watches come from Switzerland. The primary customers for high-end and luxury watches are tourists, professionals, and collectors. It is reported that tourist purchasing power accounts for about half of the luxury watch market. Young professional collectors purchase an average of 5-10 watches per year, with a price point around 2300-6000 SGD.