This was according
to a yearly survey by real estate firm CB Richard Ellis(CBRE).
In the meantime, Hong Kong has maintained its position as the #1 popular destination for luxury retailers globally, attracting 84% of the luxury brands covered.
CBRE said Beijing and Tokyo also feature in the top-10, confirming that Asia continues to be a key target for luxury labels.
Director of Retail Services at CBRE Singapore,Ms Letty Lee,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 beyond.
Experts at CBRE said that the Integrated Resorts and the surrounding Marina Bay Shoppes which opened last year played a big part in boosting Singapore's reputation as a luxury and business fashion destination.
