The index ranks the 25 most expensive cities in the world based on an analysis of residential property, cars, business-class flights, as well as other luxuries.
Singapore has emerged as the world’s most expensive city for luxury living this year, topping the Lifestyle Index of Swiss wealth manager Julius Baer Group Ltd for the first time after coming in fifth in 2022. The report also notes that Asia is the most expensive continent to live on for the fourth year in a row even as inflation has been a global phenomenon, with prices for all goods and services in the index rising by 13 per cent.
Its results are from surveys conducted with high-net-worth individuals who have $1 million or more in bankable household assets between February and March of this year.
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