Singapore’s e-commerce sector will continue to expand at a breakneck pace in coming years, according to a report by CBRE.
Sales have grown at a record rate over the past five years, rising from just $800 million in 2012 to over $1.34 billion in 2015.
Citing data from a report by Euromonitor International, CBRE noted that 2014’s internet retail sales grew 12.5% year-on-year to $1.08b, while mobile internet retail sales surged by 53.9% to $280.9 million.