This Southeast Asian city is the world's most expensive for the super rich — Hong Kong comes second [CNBC]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: CNBC
expensive city for the super rich in 2024, according to a report by Swiss bank Julius Baer. Julius Baer analyzed the prices of 20 consumer goods and services bought and used by high net worth individuals across 25 cities to arrive at the rankings. The “cost of living extremely well,” which includes cars, whisky, jewelry and housing, has been on the rise in Singapore, the bank said in its Global Wealth and Lifestyle Report released Wednesday, adding that the city-state continues to attract the ultra-wealthy due to its economic and political stability. “The Singapore government works hard to make the country attractive to global business and wealthy people, and the currency remains strong. All this is reflected in its continued status as the world's most expensive city,” the report said. The price of owning a car in Singapore — the most expensive globally at 2.5 times the average — soared 15% from a year earlier in U.S. dollar terms. The cost of private education rose by almost
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