{"id":19152,"date":"2021-11-30T10:10:00","date_gmt":"2021-11-30T10:10:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/11\/30\/carousell-recommerce-index-2021-reveals-singaporeans-top-reasons-for-choosing-secondhand-as-making-smart-purchases-and-sustainability-consciousness\/"},"modified":"2021-11-30T10:10:00","modified_gmt":"2021-11-30T10:10:00","slug":"carousell-recommerce-index-2021-reveals-singaporeans-top-reasons-for-choosing-secondhand-as-making-smart-purchases-and-sustainability-consciousness","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/11\/30\/carousell-recommerce-index-2021-reveals-singaporeans-top-reasons-for-choosing-secondhand-as-making-smart-purchases-and-sustainability-consciousness\/","title":{"rendered":"Carousell Recommerce Index 2021 Reveals Singaporeans\u2019 Top Reasons for Choosing Secondhand as Making Smart Purchases and Sustainability Consciousness"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<ul>\n<li>74%<br \/>\nof Singaporeans cite value for money as their reason for choosing secondhand,<br \/>\nhigher than regional average of 67%<\/li>\n<li><a name=\"_tuigcghm1bo5\"\/>30%<br \/>\nof Singaporeans cite environmental reasons, tying with Taiwan for second place<br \/>\nin the region<\/li>\n<\/ul>\n<p><a name=\"_2et92p0\"\/><b>\u00a0<\/b><\/p>\n<p>SINGAPORE &#8211; <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a> &#8211;<br \/>\n30 November 2021 &#8211; According to the first Carousell Recommerce<br \/>\nIndex, led by <a href=\"https:\/\/www.linkedin.com\/company\/carousell\">Carousell Group<\/a>, the<br \/>\nleading classifieds group in Greater Southeast Asia, 74% of Singaporean users<br \/>\nopt for secondhand because of its value for money. This is higher than the<br \/>\nCarousell Group&#8217;s average of 67%, and the third-highest market with an inclination<br \/>\ntowards pragmatism as their go-to reason for secondhand, closely after Hong<br \/>\nKong (82%) and Malaysia (78%). <\/p>\n<p>\u00a0<\/p>\n<p>Recommerce refers<br \/>\nto the selling and buying of previously-owned products, including both new and<br \/>\nused in condition. The Carousell Recommerce Index (2021 Report) is a Carousell<br \/>\nGreen initiative to highlight the importance of sustainability and recommerce<br \/>\nin the Greater Southeast Asia region. The report covers findings from four<br \/>\nCarousell Group brands\u2014Carousell, Cho Tot, Mudah and OneKyat\u2014across eight<br \/>\nmarkets\u2014Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore,<br \/>\nTaiwan and Vietnam. <\/p>\n<p>\u00a0<\/p>\n<p>Singapore also<br \/>\nranks highly across various areas when it comes to sustainability and making<br \/>\nsecondhand the first choice. 30% of respondents, who have bought secondhand<br \/>\nitems before, say they choose to buy secondhand for environmental reasons. This<br \/>\nis higher than the regional average of 21%, tying Singapore and Taiwan for<br \/>\nsecond place. <\/p>\n<p>\u00a0<\/p>\n<p>Overall in the region, Fashion remains the top<br \/>\ncategory with the most secondhand listings (29%). Women&#8217;s Fashion has<br \/>\nconsistently dominated the top spot across the region, and Men&#8217;s Fashion has<br \/>\ngrown increasingly popular to rank second. This is similar for Singapore, with<br \/>\nWomen&#8217;s Fashion as the most popular secondhand category in 2018 and 2019. In<br \/>\n2020, Hobbies &amp; Toys rose in demand by 29% to take first place from Women&#8217;s<br \/>\nFashion in Singapore, as more look to secondhand items for entertainment during<br \/>\nthe pandemic. With upcycling entering the public&#8217;s zeitgeist in the past few<br \/>\nyears, secondhand furniture has grown fivefold regionally in the past five<br \/>\nyears, and Furniture &amp; Home Living category has consistently ranked third<br \/>\nin Singapore for the most supply of secondhand listings.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n<p>Carousell Group continues to make headway in<br \/>\nfostering secondhand. Its recent investment of US$100 million from STIC<br \/>\nInvestments will see the Group reimagining the classifieds experience with a<br \/>\nfocus on convenience and trust, powering more authentication initiatives in the<br \/>\npipeline, to make secondhand the first choice. To help extend the lifespan of<br \/>\nelectronics, Carousell launched Certified Electronics in Singapore to provide<br \/>\nusers with a safe space to buy secondhand electronics with ease. Working with<br \/>\nprofessional sellers and partners, buyers are assured that proper quality<br \/>\nchecks have been conducted to ensure full working condition of the mobile<br \/>\nphones before their purchase, and each purchase comes with the assurance of a 12-month<br \/>\nwarranty. Since its beta launch in February 2021, there has been a 57%<br \/>\nmonth-on-month increase in sales and the numbers continue to trend upwards.<\/p>\n<p>\u00a0<\/p>\n<p>Carousell also rallies its community to create a<br \/>\nflywheel of giving, with Singapore&#8217;s always-on #blessings campaign with its <a href=\"https:\/\/press.carousell.com\/2021\/08\/17\/carousell-empowers-local-non-profit-organisations-to-fundraise-by-digitalising-their-causes\/\">latest initiative partnering<br \/>\ncharities<\/a>, which was<br \/>\ninspired by generous users who listed items for free using the hashtag<br \/>\n#blessings. The popularity of the #blessings campaigns led to a dedicated Free<br \/>\nItems category that is now available in Singapore, Hong Kong, Taiwan, Malaysia<br \/>\nand the Philippines on Carousell, as well as Ch\u1ee3 T\u1ed1t in Vietnam and OneKyat in<br \/>\nMyanmar.<\/p>\n<p>\u00a0<\/p>\n<p><a name=\"_tyjcwt\"\/>Lucas Ngoo,<br \/>\nCo-founder, Carousell Group said, &#8220;As a pioneer for mobile classifieds in the<br \/>\nregion, Carousell Group has been constantly working to remove friction and<br \/>\nenable secure, seamless transactions. With the use of AI and data, we have been<br \/>\nfocused on accelerating our recommerce leadership in the region to make buying<br \/>\nsecondhand trusted and convenient. This, in turn, will help to solve the<br \/>\nmeaningful problem of overconsumption with recommerce and thus make secondhand<br \/>\nthe first choice for consumers.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p><a name=\"_3dy6vkm\"\/>The Carousell Recommerce Index (2021 Report) is available<br \/>\nfor download <a href=\"https:\/\/press.carousell.com\/carousell-green\">here<\/a>.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-11-30\/107677\/carousell-recommerce-index-2021-reveals-singaporeans-top-reasons-for-choosing-secondhand-as-making-smart-purchases-and-sustainability-consciousness\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>74% of Singaporeans cite value for money as their reason for choosing secondhand, higher than regional average of 67% 30% of Singaporeans cite environmental reasons, tying with Taiwan for second place in the region \u00a0 SINGAPORE &#8211; Media OutReach &#8211; 30 November 2021 &#8211; According to the first Carousell Recommerce Index, led by Carousell Group, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19152"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19152"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19120"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}