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Whisky Hammer Launches Bonded Warehouse Service in Singapore for Asia Customers

The first bonded warehouse service in Singapore.

Whisky Hammer, a specialist spirits auctioneer, has announced the launch of its bonded warehouse service in Singapore, marking a first for a UK auction house. This new service is set to cater to the growing interest in whisky collection across Asia as an alternative asset. The Asia Pacific region remains the world’s most valuable export market for whisky, with exports exceeding USD 2.2 billion in 2023. Five countries from this region ranked among the top 10 global export destinations, accounting for nearly a third of all whisky exports last year. 

With Asia Pacific housing the world’s most valuable whisky collections and witnessing a surge in whisky auctions, including Whisky Hammer’s 100th auction featuring over 5,000 lots, this service launch is timely. Customers can purchase whisky from Whisky Hammer, have it shipped from Scotland to Singapore, and stored in the Singapore Bonded Warehouse. A small entry fee covers the transit costs, and customers can then pay for storage and insurance at the warehouse. For retrieval, customers can either collect their purchases in person, use a 'white glove' concierge service for delivery to Changi Airport, or have them shipped to a local or foreign address.

Daniel Milne, co-founder and managing director of Whisky Hammer, said, “Our customer base in Asia continues to grow, and they are demanding more value-added services. Our new bonded warehouse in Singapore demonstrates our commitment to meeting their needs and providing a seamless purchasing experience. The bonded warehouse service offers convenience and flexibility for our customers to store and access their whisky safely. Our ‘white glove service’ ensures prompt delivery from the warehouse to the customer. We’re confident this service will enhance the whisky collection experience for our customers.”

The Singapore Bonded Warehouse operates under the Singapore Customs’ Zero-GST Warehouse Scheme. Approved companies like Whisky Hammer can store imported non-dutiable goods, including spirits, for an indefinite period with GST suspended. Customers do not pay GST or duties when their bottles are delivered to or picked up at the airport as part of their duty-free liquor concession. GST is only applicable for local delivery within Singapore.

The launch of Whisky Hammer’s bonded warehouse service coincides with its current auction, which is now live and ends on Sunday, 23rd June at 10pm (SST) / 3pm (UK). The auction features around 2,000 unique, rare, and collectible whiskies, including headline lots such as the oldest ever Japanese single malt whisky, the Yamazaki 55 Year Old, last sold by Whisky Hammer in November 2022 for £380,000 (~SG$655,000), and “The Reach”, an 81 Year Old (1940) Macallan. For more information, visit Whisky Hammer.