Last updated: January 2024
Rolex will be unveiling a fantastic new collection of 2023 watches at Watches & Wonders. Some may find them unimpressive, while others received just what they desired.
Rolex, on the other hand, has never had a more inventive year in its history. Rolex watches come in such a wide variety that some of them have been seen during athletic events.
Because of this, Rolex watches continue to be in great demand, especially in Singapore.
Furthermore, we assume that you reached this article because you are one of the several Singaporeans that find Rolex to be highly intriguing.
Make sure to read this article all the way through if you want to learn more about Rolex watches, particularly its most recent pricing list.
Check out our selection below and scroll down to view the Rolex watch price list in Singapore and other details you might find interesting if you're interested in Rolex watches.
How much is a Rolex in Singapore?
How much is a Rolex watch SGD? - Rolex Singapore Price
In the private market, pre-owned Rolex watches generally sell for between S$2,391 to S$256,932.
A water-resistant, stainless steel Rolex Submariner ref. 114060 retails for roughly S$10,854 at an official Rolex shop in Singapore.
On a private marketplace or also known as retailers, the identical model might cost as little as S$19,146.
If you prefer a traditional yet inexpensive Singapore Rolex, check into the Oyster Perpetual collection.
This collection is usually priced between S$3,200 to S$27,500.
Recommended: How much does a Porsche cost in Singapore?
Are Rolexes cheaper in Singapore?
Rolex's primary goal is to have the exact same price all over the world, however harmonizing retail pricing with each other all over the world is a difficult undertaking.
Clearly, the present state of the currency in which the particular authorized Rolex retailer trades has an impact on the retail price.
If all nations used the same currency, this would not be an issue since Rolex could simply establish the same suggested retail price everywhere.
As a result, we can't truly tell if Rolex watches are cheaper in Singapore since, as I previously stated, it will vary depending on the current state of the currency and local retail pricing.
However, as Rolex's popularity has increased and waiting lists for several models have expanded significantly, authorized Rolex merchants have been less and less willing to offer discounts.
Meanwhile, if you are traveling into Singapore, you may claim an additional 7% tax discount at the airport through duty free.
And, given the present situation of the market, getting a discount of 15-25% on Rolex watches is exceedingly tough, thus earning up to 25% in discount when purchasing a Rolex watch might make it a very excellent deal.
Learn also: Are Luxury Watches Cheaper in Singapore?
Important tips for buying a Rolex watch in Singapore
One important tip for buying a Rolex watch is to make sure you buy from a reputable seller. There are many counterfeit Rolex watches on the market, so it's important to do your research and buy from an authorized dealer or a trusted reseller with a reputation for selling authentic watches.
Another important factor is to be patience and build a relationship with the Rolex distributors. Rolex watches are highly sought after and popular new models always sell out, so its important for the distributors to remember you before new launches everytime.
Finally, if you already own a piece of Rolex, take care of your timepiece properly by having it serviced regularly and keeping it clean and dry. A well-maintained Rolex should last a lifetime and bring joy for generations to come.
Learn also: Which brand is Popular for QLED TV in Singapore?
How much is the cheapest Rolex?
Which is the cheapest Rolex watch? - Rolex Price Singapore
A Rolex watch, both pre-owned and brand new, may cost anything from S$2,000 and S$300,000.
Materials, new movements, collection popularity, and complexity are all factors that influence the cost of Rolex watches.
Meanwhile, the 36mm Oyster Perpetual, which costs USD5,800 MSRP, is the most affordable brand new Rolex watch model you can purchase anywhere in the world, including SIngapore.
Will Rolex increase prices this year?
Purchasing a new Rolex watch today has become somewhat more costly.
On New Year's Day, Professional Watches reported a price increase on a number of Rolex models.
A 41 mm stainless steel Ref. 124300 Oyster Perpetual, which cost $5,900 in 2021, is now priced for $6,150.
Meanwhile, the Submariner's price has risen 10.5% from $8,100 last year to $8,950 today.
With that, many people, especially Singaporeans were taken aback by the scarcity of new Rolex watches last year.
However, the company disputes that it is part of a larger strategy to increase demand.
In a statement issued in September, Rolex stated, "The scarcity of our products is not a plan on our side."
"Our present production cannot fulfill the current demand entirely, at least not without lowering the quality of our watches—something we refuse to do because the quality of our goods must never be compromised."
Learn too: Best Watch Repair Shops in Singapore - Battery, Glass and Warranty
Which Rolex will go up in value?
Which Rolex is most in demand? - Rolex Price Singapore
Rolex increased their watch pricing by more than 4.2% at the beginning of 2022.
This indicates that a price increase is extremely possible in the future.
Nonetheless, here are the top 5 Rolex watches that will increase in value:
| Model | Price 2021 (SGD) | Price 2022 (SGD) |
|---|---|---|
| Rolex Daytona Platinum Ice Blue Dial 116506 | $163,517 | $283,653 |
| Rolex Daytona 18ct Yellow Gold Green Dial 116508 | $99,639 | $171,579 |
| Rolex Day-Date 40 18ct Everose Gold 228235 | $60,568 | $54,000 |
| Rolex GMT-Master II 18ct Everose Gold 126715CHNR | $57,064 | $86,764 |
| Rolex Sky-Dweller 18ct Yellow Gold 326938 | $66,908 | $85,429 |
Overall, Rolex's exclusivity grows as its scarcity grows.
This increases the attraction of Rolex to its customers.
As a result, the reseller community may foresee a return on their Rolex investment in the following years.
Read too: Is Gold Cheap in Singapore?
Which are the Most Affordable Rolex Watches?
Some of the most popular models are selling for twice or even three times their original price.
This makes purchasing a Rolex more difficult for anyone without huge amounts of funds to spend on a watch.
Surprisingly, not every Rolex watch is as expensive as a Daytona.
With that, we've compiled a list of top 4 less expensive Rolex watch options that are just as good.
1. Rolex Lady- Datejust (28mm)
Rolex Datejust 28mm and 26mm for ladies - Rolex Price Singapore
The current Lady-Datejust is 28 mm thick, while prior editions were 26 and 31 mm thick.
The pink and salmon dial selections are very lovely, and there are even some versions with these precious stones on the dial that are much under $6,000 in price.
There are several dial combinations to choose from, as well as the option of an Oyster or a Jubilee bracelet.
2. Rolex Datejust (36mm)
Rolex Datejust 36mm - Rolex Price Singapore
For decades, the Rolex Datejust has been the ideal entry-level watch for men.
The Rolex Datejust is an iconic timepiece and is a symbol of luxury and sophistication. With its signature design and enduring quality, the Rolex Datejust is a timeless classic.
Automatically, this draws attention and makes a statement of success. The date window makes it even more functional than traditional models and the stainless steel construction ensures long-term durability.
The 36-mm version is classic and goes with almost everything.
However, if you prefer on purchasing a Datejust from the 2000s, costs begin about $5,000.
Ultimately, all the elements of the watch itself might make the Rolex Datejust worth buying. It offers more than what a traditional watch does and its prestigious aura can add a level of status to its owner.
While I would like the charm of a vintage Datejust, I think some of you would prefer something a little more modern.
3. Rolex Air-King
2022 Rolex Air-King 40mm - Rolex Price Singapore
The Rolex Air-King is still in production, however the present model may be phased out in the near future.
While the ref. 5500 appears to be relatively similar to other older models, there are several more distinctive alternatives.
Models with so-called engine-turned bezels, as well as more recent Rolex Air-Kings with Explorer dials, are particularly appealing. Vintage Air-King versions start at about $3,000 in price.
The Air-King ref. 14000M is available for around $6,272.
Explorer dial models start at $6,272 and go higher from there.
4. Rolex Oyster Perpetual Date
Rolex Oyster Perpetual Date - Rolex Price Singapore
One of the company's entry-level models is the Rolex Oyster Perpetual.
The 34-mm model, commonly called the Rolex Date, is the least expensive model.
It has a sapphire crystal and the distinctive Rolex cyclops date magnifier, as well as the famed Rolex caliber 3135.
This watch is widely available for between $5,575 and $8,363.
The ref. 114300, the preceding generation, was manufactured until the early 2000s.
Is buying a Rolex watch a good investment?
Rolex watches are among the most costly watches on the market today.
For example, a new stainless steel Daytona costs $20,281 and is already worth up to $52,969 once sold.
Rolex watches, on the other hand, have historically increased in value rather than decreased in value.
This has exacerbated the argument over whether purchasing a Rolex watch may be considered a good investment.
What is the price of Rolex watches?
Due to high customer demand, secondhand prices for Rolex novelty watches have risen.
With supplies reduced by 70% because of the COVID-19 pandemic, Rolex's refusal to boost manufacturing of popular models to fulfill demand doesn't help.
The price surge is exacerbated by wallets brimming with cash as a result of government subsidies and a dearth of leisure travel for over two years.
If you have the means and want to buy your first Rolex, below is a pricing list of Rolex's classic line and new model in Singapore.
Rolex’s Classic Line and New Model 2023
| Rolex Model | Retail Price (SGD) | Second Hand Price (SGD) |
|---|---|---|
| Cosmograph Daytona | From $18,1140 | From $47,000 |
| GMT-Master II (new model 2022) | From $15,240 | From $21,000 |
| Sea-Dweller | From $17,840 | From $20,000 |
| Oyster Perpetual | From $7,240 | From $7,800 |
| Explorer | From $9,840 | From $14,000 |
| Yacht-Master 42 (new model 2022) | From $39,240 | From $16,000 |
| Submariner | From $12,340 | From $18,000 |
| Milgauss | From $12,690 | From $15,000 |
| Day-Date 40 (new model 2022) | From $51,740 | From $44,000 |
| Cellini Moonphase | From $37,040 | From $16,000 |
| Datejust 31 (new model 2022) | From $13,950 | From $7,600 |
| Sky-Dweller | From $21,090 | From $29,000 |
The latest Rolex models will be released during end of March 2023. We anticipate that Rolex will be discountinuing some models made from precious metals such as the Batman, Pepsi, Wimbledon Datejust, colored Oyster Perpetuals, and the Kermit.
This will allow them to focus more resources on new models.
As you can observe from the table above, the law of supply and demand is paramount, driving secondary market prices for the majority of its models up.
The majority of Rolex wristwatches are not instantly available for purchase via an authorized dealer such as The Hour Glass or Cortina Watch.
Thus, consider opening an account on one of these investing sites if you're seeking for more solid investments.
Where is the cheapest country to buy a Rolex?
Other countries with relatively lower prices include Hong Kong, Switzerland, and here at Singapore.
However, it's important to note that while prices may be lower in these countries, there may be additional costs such as import taxes and travel expenses if you choose to purchase from overseas.
Ultimately, it's up to you to weigh the pros and cons and decide what makes the most sense for your budget and needs.
Rolex Price Singapore
Rolex is an exception among premium watch companies.
Almost all of its current manufacturing clocks can keep their worth or create increased secondary market pricing.
This craze has spread to its antique models, as investors and collectors try to quench their appetite for The Crown's surprises.
Rolex's authorized dealer network can afford to have potential customers jump through hurdles only to buy a watch.
However, take in mind that the COVID-19 pandemic caused significant changes in consumer behavior in 2020 and 2021.
Therefore, it remains to be seen if the value of Rolex's timepieces can continue to rise at this rate.
But one thing is certain: the brand and its innovations are here to stay, having withstood more than its fair share of disasters over the years.
Overall, we hope we have greatly assisted you and clarified some of your questions concerning Rolex watches, notably its most recent price list in Singapore.
We hope to see you again in our next posts!
Read also: