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Singapore, Zurich and Monaco top costliest cities for luxury spending
A Julius Baer report says wealthy consumers faced an average 10% rise in luxury costs worldwide last year as currencies and gold lifted prices.
- On Tuesday, July 7, 2026, the Julius Baer Global Wealth and Lifestyle Report 2026 named Singapore the world's most expensive city for luxury spending for the fourth consecutive year.
- Singapore's top rank reflects heavy weightings of residential property and vehicle prices alongside a strong Singapore dollar, while Zurich climbed three places to second globally, supported by the Swiss franc's reputation as a "store of value."
- The Julius Baer Lifestyle Index tracks 20 luxury goods across 25 cities globally, finding that the cost of living for the wealthy rose by an average of around 10% in US dollars worldwide last year.
- Yee Kim Tan, Julius Baer's Singapore branch manager, said Singapore remains a "natural choice" for assets as investors increase portfolio diversification to hedge against geopolitical uncertainty.
- Asia remains the fastest-growing region with projected gross domestic product growth of 4.5 per cent in 2026, well above the global average of 2.9 per cent, according to Julius Baer's economic projections.
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16 Articles
16 Articles
Not very serious appreciation of a new world ranking for wealthy people looking for housing.
·Zürich, Switzerland
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Hong Kong drops to 4th costliest city for wealthy amid change in luxury spending
Hong Kong now ranks lower among the costliest cities for rich people "living well", with Singapore the most expensive for a fourth consecutive year, according to Swiss private bank Julius Baer.
·Bangkok, Thailand
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
Factuality
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