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Richard Mille to Hermes: How UOB’s HNW clients indulge in luxe life

Jacquelyn Tan, UOB

UOB’s wealthy clientele in Singapore and Thailand are splurging on high-end brands like Van Cleef & Arpels and Richard Mille, with credit card spending soaring by 35% among affluent cardholders in the first half of 2024. This luxury shopping boom is complemented by a growing interest in experiential spending, as travel and fine dining experiences become increasingly popular among these…

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