Valuence International Singapore Office Also Established
The Valuence Group offers life-changing value tailored to all our stakeholders, encouraging every person in the world to live true to yourself. Valuence Group company Valuence International Singapore (Singapore; Kiyotaka Irie, representative) has announced the establishment of a Singapore office and the opening of the Nanboya Singapore location.
Directly Managed Group Location Strengthens Buying Presence in Southeast Asia
Since its establishment in December 2019 as a subsidiary of Valuence International (sub-subsidiary of Valuence Holdings), Valuence International Singapore has been preparing to open an office in the city.
As Singapore has had a pawn industry for some time, Valuence International Singapore expects the city to be amenable to the reuse business. At the same time, many existing businesses deal in a limited cross-section of categories, including watches and bags. Given these circumstances, Valuence International Singapore believes the market has needs for the greater variety of offerings represented by the Nanboya business and that the market is ready for business modeled on the successful Hong Kong location. Therefore, in conjunction with the new corporate office location, Valuence International Singapore has also decided to open the Nanboya Singapore buying office.
Nanboya Singapore plans to leverage the Nanboya management experience in Japan, welcoming staff members who launched the successful Nanboya Hong Kong buying office and experienced concierge personnel from Hong Kong. The new Singapore buying office will feature a culture of Japanese-style service identified with the Nanboya brand.
Having established a buying office in Indonesia, Valuence will now work toward creating greater awareness and use of reuse services throughout Southeast Asia.
Aiming to Create Hubs in Southeast Asia, Oceania, and South Asia
Under the VG1000 medium-term management vision, the Valuence Group aims to reach 30 buying offices overseas by August 2025. In addition, the group is recruiting partners in various countries to participate in Valuence Group auctions toward JPY100 billion in consolidated net sales.
Valuence International Singapore will continue to strengthen buying functions at buying offices and recruit dealers in Southeast Asia. The company will also develop partners and serve as a consignment auction hub and develop partners in Oceania (Australia and New Zealand) and South Asia (India, etc.), accelerating along the path toward greater levels of business development and expansion overseas.
■Buying Office Overview
・Office name: NANBOYA Singapore
・Grand opening: September 1, 2020
・Location：198B South Bridge Road, 3F, Singapore 058747
・Business hours: 11:00 to 19:00 (local time)
・Eligible items: Luxury brand items (bags, watches), jewelry, precious metals
・Language support: English, Chinese
Entrance, waiting room concept art