This Southeast Asian city is the world's most expensive for the super rich — Hong Kong comes second [MSNBC.com]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: MSNBC.com
People in are paying 10% higher for ladies' handbag and shoes, and more than 5% for men's suits and watches.Ore Huiying | Getty Images News | Getty ImagesSky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept the most expensive city for the super rich in 2024, according to a report by Julius Baer.The Swiss bank analyzed the prices of 20 consumer goods and services bought and used by high net worth individuals across 25 citiesThe "cost of living extremely well," which includes cars, whisky, jewelry and housing, has been on the rise in , the bank said in its Global Wealth and Lifestyle Report released Tuesday, adding that the city-state continues to attract the ultra-wealthy due to its economic and political stability."The 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 expen
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