Venture Capitalist Ng You Zhi Seeks to Invest in Luxury Car Dealership Startups
The young investment maverick sees a new potential in the luxury cars market with Singapore recovering from the COVID-19 pandemic. Singapore - With the city-state slowly but surely returning back to normal, business visionary Ng You Zhi takes on a new investment adventure, this time on the luxury car industry. "There's no stopping the luxury car market from growing," he says in a recent interview. "The pandemic has made us realise the salience of investing in things that matter, and that includes investing in ventures that continue to rise in market value." According to a report published by Fortune Business Insights, titled "Luxury Car Market Size, Share & COVID-19 Impact Analysis," the global luxury cars market size is projected to reach USD 655 billion by the end of 2027. "The rising disposable income across the world will contribute to the growth of the market in the coming years." Why invest in luxury car dealership startups "I am an avid fan of luxury cars," Ng You Zhi admits to even owning two in his garage. "But more than celebrating my passion, luxury cars have grown in demand over the recent years, but dealerships are only reserved to a limited few. With dealership st...
