Frequent question: How much does wine cost in Singapore?

Is wine expensive in Singapore?

The world’s most expensive city overall is, for the fifth year running, Singapore, but Tev Aviv outranks it when it comes to the cost of wine. Of the world’s 10 most expensive cities, three Asian cities lead the list when looking at wine prices.

How much is a bottle of wine in Singapore?

This timeline depicts the average retail price for one bottle table wine in Singapore from 2008 to 2018. In 2018, the Singaporean price for one bottle table wine amounted to 23.68 U.S. dollars, up from 20.77 dollars in 2008.

How much does average wine cost?

An average bottle of red wine (3.6 rating) costs $15.66 USD while a very good bottle of wine (4.0 rating) costs $32.48 USD, on average.

Is Singapore expensive for alcohol?

In 2020, the average retail price for six 330ml cans of beer in Singapore was at 15.61 Singapore dollars. Alcohol and tobacco are heavily taxed in Singapore, making it one of the most expensive countries in the world for both products.

Why is wine expensive in Singapore?

Quoting Export.gov, a US government website aimed at helping US companies with its overseas export, Singapore has high excise taxes on alcohol due to social and/or environmental reasons. This indicates that all alcohol imports to Singapore are taxed heavily.

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How much is alcohol in Singapore?

While food is cheap, alcohol is heavily taxed and is generally considered expensive. A drink at a bar costs between $12 – $20. Happy hour rates are cheaper.

How much is a bottle of red wine in Singapore?

Top Red Wines Price List 2021

Top 10 products Price Store
Penfolds Koonunga Hill Shiraz Cabernet (2016) S$ 32.00 Shopee
Noblesse Cabernet Sauvignon 12Btls Ctn Promo! S$ 198.00 Shopee
Penfolds Bin 389 Cabernet Shiraz 750ml [Red Wine] S$ 102.00 Lazada
Grant Burge Miamba Shiraz,2019,Australia,750Ml,Redwine S$ 50.00 Shopee

What price is wine cheap?

For the best value, spend between $15 and $25 a bottle when you’re buying wine. “The $12 retail is about the cutoff for really being able to find something that’s being made with purpose,” Broglie told the audience of wine enthusiasts, who were tasting a flight of rosés bright and early at 10 a.m. mountain time.

How do I price my wine?

The industry standard is to mark up a bottle of wine 200-300% over its retail sales price. Thus, if a high-end wine retails for $20 at a wine retail store, it is likely to sell for $60 to $80 at a restaurant. For rare, expensive or speciality wines, the markups could be as high as 400%.