Story perspectives

Local Owners Dominate 90% of Singapore's Retail Market

1/20/2026

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Summary

Story summary

Singapore's trade minister Gan Kim Yong announced that locals own nearly 90% of registered retail businesses, while Chinese nationals own 3%.
The Accounting and Corporate Regulatory Authority provided the data, covering sectors such as food, clothing, and pharmaceuticals.
Critics say foreign brands may dominate the market through visibility and outlets.
Observers caution that public perception may be skewed by popular foreign chains such as Chagee and Luckin Coffee.

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Story summary

Singapore's trade minister Gan Kim Yong announced that locals own nearly 90% of registered retail businesses, while Chinese nationals own 3%.
The Accounting and Corporate Regulatory Authority provided the data, covering sectors such as food, clothing, and pharmaceuticals.
Critics say foreign brands may dominate the market through visibility and outlets.
Observers caution that public perception may be skewed by popular foreign chains such as Chagee and Luckin Coffee.