All-in-one renovation platform, Homeez, identifies the dynamics of homeowners' preferences in both aesthetics and functionality are being influenced by four prominent interior design trends: Quiet Luxury, Retro Revival, Uniquely You, and Minimalist. These trends play a significant role in shaping the choices individuals make when it comes to styling and organizing their living spaces.

Four significant trends in interior design are shaping the way homeowners consider both the visual appeal and practicality of their living spaces:

1) Quiet Luxury
Singaporeans are gravitating towards the concept of "Quiet Luxury" in their interior design preferences. This trend is marked by a discreet opulence that underscores the importance of premium materials, expert craftsmanship, and refined detailing. Homeowners are choosing rich textures, subdued colours, and custom-made furnishings, as indicated by data from renotech firm Homiez. SG Interior, an interior design firm led by local comedian Mayiduo (or Kelvin Tan), notes an uptick in requests for designs influenced by the quiet luxe trend, inspired by TikTok trends and Mayiduo's own home renovation. This movement encourages a fusion of comfort and sophistication, fostering a more laid-back and welcoming living environment.

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2) Retro Revival
This year, more homes will be immersed in a "Retro Revival," where nostalgia plays a pivotal role in design. This trend witnesses the revival of elements from past eras, reimagined with a contemporary flair. Vintage furniture, geometric patterns, and vibrant colour schemes reminiscent of the mid-20th century, are experiencing a resurgence. Homeowners are skillfully blending the old with the new, crafting eclectic spaces that embrace the allure of yesteryear while integrating the convenience and functionality of modern living.

3) Uniquely You
Embracing a shift toward distinctive and meaningful living spaces, the "Uniquely You" trend is spearheaded by pioneering homeowners who aim to infuse their personality into every aspect of their homes. A prime example is showcased in SG Interior's project, featuring a customized LED headboard.
At the heart of this trend is the emphasis on customization, highlighting bespoke furniture, exclusive artworks, and personalized decor pieces. According to SG Interior, Singaporeans are increasingly choosing unique, one-of-a-kind elements that mirror their individuality, allowing their homes to narrate a story and resonate with their personal journey in their 2024 design ventures. This trend champions diversity and fosters self-expression in interior design, as Singaporeans steer clear of standardized and generic designs.

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4) Minimalist
In response to the 9% GST increase, the focus in 2024 shifts towards sustainability and affordability, giving rise to the minimalist trend. Data from the US Consumer Price Index reveals a significant 13.8% surge in furniture and bedding prices in 2023, particularly with a substantial 17.3% increase in living room furniture costs. In light of this, Singaporean homeowners are adopting a mindful and budget-friendly approach to interior design, aiming to keep expenses below S$30,000, as indicated by insights from renotech startup Homeez.
This trend involves decluttering living spaces, opting for versatile furniture, and choosing sustainable materials, exemplified by custom carpentry work like the integrated bedside table and wardrobe showcased by SG Interior. The primary focus is on achieving a clean and streamlined aesthetic that is not only visually appealing but also economically viable and environmentally conscious. This trend underscores a growing awareness of the impact that design choices can have on both personal finances and the planet.