Disclaimer: The following report has noted that its data was collected prior to the announcement of the US’s reciprocal tariffs; thus, subsequent market and pricing shifts were not factored into the figures mentioned below.
Swiss wealth management company Julius Baer Group recently published its 2025 Global Wealth and Lifestyle Report, where it named Singapore as the world’s most expensive city for high-net-worth individuals.
This is the third consecutive year that the city-state earned the title, with London and Hong Kong coming in second and third, respectively, for this year’s report.
Singapore topped the global rankings for several high-end goods and services. It is the world’s most expensive city for two categories: women’s handbags and cars.
Other luxury expenses that saw notable price hikes include business class airfares, which rose by 17%, and private school fees, which increased by 12.1%.
Despite the high cost of living, Singapore remains one of the world’s most livable cities, offering an attractive option for those looking to relocate. The report highlights its stable political situation, safe environment, and high-quality services, including education and medical care, which greatly benefit residents.
With the current unpredictable nature of the world, Singapore is valued for its stability, security, and connection to Asia and beyond. Though the cost of living there may be on the rise, its strong pull factors consistently earn it the title of the most liveable city in Asia in numerous rankings.
Julius Baer Group’s 2025 Global Wealth and Lifestyle Report
- Read Julius Baer Group’s full report here.
- Read more news on Singapore’s current affairs here.
Featured Image Credit: Richie Chan/ Shutterstock.com
