Singapore and Malaysia are leading in Southeast Asia in terms of online and retail sales, with 50% of the population making e-commerce transactions.
Nearly 55% of people are also making cross-border e-commerce transactions. Despite the global crisis, according to start-up couponing agency Flipit’s 2015 prediction, Singapore will pull in SG$4.4 billion in revenue.
This is highly due to increased internet access via mobile; lower prices; greater selection and rising rental price and labor crunch.
Here’s more on the e-commerce scene in Singapore.