Singapore Remains World’s Most Expensive City for High Net Worth Individuals, Hong Kong Climbs to Second

Singapore retains its title as the most expensive city to live ‘extremely well,’ while Hong Kong’s wealthy residents pushed the city to become the second-most expensive metropolis. The Julius Baer report analyzed the cost of goods and services across 25 cities, highlighting the impact of currency fluctuations on rankings. Asia’s economic growth and innovation drive its high cost of living, with Singapore leading the digital transformation. Wealthy individuals in Asia prioritize healthcare, travel, and fine dining, reflecting the easing of pandemic restrictions.

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