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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.
- In the 2025 Julius Baer Lifestyle Index, Singapore ranked highest in cost among cities for affluent individuals to reside, based on a survey conducted from February to March 2025.
- The survey tracked 25 global cities based on costs of luxury items, and the 2% price decline this year was driven largely by falling technology prices.
- London rose to second place driven by a 26.6% rise in private education and a 29.7% increase in business class flight prices, while Shanghai dropped from first in 2022 to sixth.
- Christian Gattiker, who leads research at Julius Baer, described the results as capturing the last snapshot prior to ongoing developments marked by uncertainty, trade disputes, and tariffs.
- The report indicates the luxury sector faces a downturn after an extended buying spree, caused by higher interest rates, slower growth, and geopolitical tensions affecting wealth strategies.
19 Articles
19 Articles
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.
Singapore, London, and Hong Kong Top 2025’s Most Expensive Cities for the Elite - Commonwealth Union
Singapore (Commonwealth Union)_ When it comes to luxury shopping, certain cities stand out not just for their exclusive offerings but also for their costly price tags. For those who enjoy the luxury things in life, a few global destinations have gained a reputation as the most expensive places to indulge. According to the latest annual report from Julius Baer, Singapore has held the title of the world’s most expensive city for luxury spending fo…
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