Don't buy the spig stand yet as watch is 2 support a new mode called night stand mode and it only works if your watch is in landscape
Yeah I was looking at the Spigen and Griffin stands at Nubox (Bedok) the other day and was debating it... given the price isn't cheap ($75 and $45 respectively- or thereabouts) I thought I'd rather sit tight and wait for one which supports nightstand as I actually need that mode (I have no light up clock in my room!)
Interestingly the Nubox staff said that only stores which don't stock the actual Apple Watch are allowed to sell third party accessories... and that's why the Bedok store has a couple of stands, cases, screen protectors and third party leather wrist band. Note the wrist band looked meh but cost $100+!