Singapore Is the Priciest City for Luxury Living, a New Report Says
SINGAPORE, JUL 14 – Singapore leads luxury spending globally for the third year, driven by rising prices in business class flights and private education, despite a 2% global luxury price decline, Julius Baer reported.
- Singapore remains the most expensive city in the world for luxury spending, as reported for three consecutive years by Julius Baer Group Ltd.
- London has surpassed Hong Kong to take second place in luxury spending, driven by a surge in private education and business class fares, according to the annual report.
- The report indicates a 2% overall drop in luxury goods prices for the first time since the survey began, highlighting changes in the global economy.
- Luxury goods prices fell by 2%, marking the first decline since 2020, as noted by Julius Baer, who commented that this trend is quite exceptional.
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Singapore, London costliest for luxury spending; education, flight costs push UK capital past Hong Kong
Singapore remains the world's most expensive city for luxury spending for the third year in a row, while London has overtaken Hong Kong to claim second place, according to a report
Singapore And London Are The Costliest Cities for Luxury Spending
With the current "unpredictable nature" of the world, Singapore is valued for its stability and security. London rose on the back of a 26.6% jump in the price of private education after legislative changes and a 29.7% gain in business class flights.
This city tops list of world's most expensive cities for luxury living in 2025, not New York, Milan, Paris, New Delhi, Mumbai, Shanghai, it is...
The report studies the cost of products and services that are important to high-net-worth individuals (HNWIs), who have at least $1 million in bankable assets.
Singapore named world's most expensive city for the rich, beating Hong Kong, London
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