ASIATODAY.ID, SINGAPORE — Singapore has retained its title as the world’s most expensive city for high-net-worth individuals (HNWIs) in 2026, underscoring the city-state’s enduring appeal as Asia’s premier financial hub despite rising global economic uncertainty.
The finding comes from the Julius Baer Global Wealth and Lifestyle Report 2026, which ranks 25 major cities based on the cost of maintaining a luxury lifestyle. Singapore has now held the top position for four consecutive years.
According to the report, Singapore’s leadership is driven by a combination of high residential property prices, costly vehicle ownership, a strong Singapore dollar, and sustained demand for premium goods and services. While domestic inflation has remained relatively contained, the appreciation of the local currency has significantly increased living costs when measured in U.S. dollars.
Julius Baer said exchange-rate movements have become one of the defining forces shaping global wealth, making currency strength as influential as inflation in determining the cost of luxury living.
Beyond prices, Singapore continues to attract global wealth through its political stability, transparent regulatory environment, resilient economy, and strategic role as a gateway to Asia. These advantages have reinforced its reputation as a preferred destination for entrepreneurs, family offices, and international investors seeking long-term security.
Zurich climbed three places to second in the ranking, largely due to the appreciation of the Swiss franc rather than sharp increases in local prices. Monaco entered the global top three for the first time, supported by exceptionally high residential property values and a stronger euro.
The changes pushed Hong Kong to fourth place, while London slipped to fifth after ranking second a year earlier.
Among the biggest movers, Sydney advanced six positions to eighth, reflecting the stronger Australian dollar and rising import costs for luxury goods. Bangkok entered the global top 10, highlighting Southeast Asia’s growing importance in the luxury market and the expanding presence of affluent consumers across the region.
World’s Most Expensive Cities for Luxury Living in 2026
1. Singapore
2. Zurich
3. Monaco
4. Hong Kong
5. London
6. Shanghai
7. Paris
8. Sydney
9. Milan
10. Bangkok
The Julius Baer Lifestyle Index measures the prices of 20 premium goods and services commonly associated with affluent lifestyles, including luxury homes, automobiles, watches, jewelry, designer fashion, business-class travel, fine dining, five-star hotels, private education, healthcare, and other high-end services.
Rather than tracking everyday consumer inflation, the index provides a snapshot of the financial commitment required to sustain a global luxury lifestyle.
The 2026 rankings also reflect a broader shift in the geography of global wealth. As currencies increasingly influence purchasing power and investment decisions, Asia—led by Singapore—continues to strengthen its position as one of the world’s most influential centers for capital, private wealth, and luxury consumption. (AT Network)
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