On Thursday, November 7, New York-based designer Alexander Wang and Japanese retail giant Uniqlo released their third collaboration, following on from last year’s successful winter apparel line and 2008’s dress collection.

This time around, Wang combines his signature minimalist style with Uniqlo’s Airism fabric – a quick-drying, moisture-wicking, stretchy material – for a collection of basic outerwear and innerwear for both men and women.

There are just 11 functional pieces in the womenswear collection – and they’re as light on the body as they are on the wallet, starting at $19.90 for a pair of seamless bikini briefs and going up to $49.90 for a sleeveless, form-fitting bodysuit. You can also shop bike shorts, scoop-neck crop tops, silky leggings and bras. For men there are tanks, boxers, briefs and crew-neck tees.

Everything in the streetwear-inspired range is designed to mix and match with your regular wardrobe, and comes in pastel hues such as mint, sky blue and peach, as well as white, black and nude staples.

Wang, renowned for his modern designs, launched his first range at the age of 21 after two years at a design school in New York. His label originally featured unisex knitwear, but expanded to include both women’s and men’s ready-to-wear clothing.

Shop the collection online here and in-store at Uniqlo Emporium and Chadstone in Melbourne, MidCity in Sydney and Queen Street in Brisbane.