Singapore Overtakes Hong Kong in Cost of Living Study for High-Net-Worth Individuals

Tuesday, 25 June 2024, 01:00
The latest study by Swiss bank Julius Baer reveals that Singapore has surpassed Hong Kong to become the most expensive city in the world for high-net-worth individuals to live luxuriously. Hong Kong moves up to the second spot in the ranking, highlighting the competitive landscape of luxury living costs in major global cities. The report sheds light on the significant cost differentials and lifestyle demands faced by wealthy individuals seeking top-tier living standards. With Singapore emerging as the new leader in luxury living costs, the study underscores the evolving economic dynamics influencing the affluent lifestyle choices in these key financial hubs.
South China Morning Post
Singapore Overtakes Hong Kong in Cost of Living Study for High-Net-Worth Individuals

Singapore Overtakes Hong Kong

The latest study by Swiss bank Julius Baer reveals that Singapore has surpassed Hong Kong to become the most expensive city in the world for high-net-worth individuals to live luxuriously.

Competitive Global Ranking

Hong Kong moves up to the second spot in the ranking, highlighting the competitive landscape of luxury living costs in major global cities.

Cost Differentials and Lifestyle Demands

The report sheds light on the significant cost differentials and lifestyle demands faced by wealthy individuals seeking top-tier living standards.

Evolution of Affluent Lifestyle Choices

With Singapore emerging as the new leader in luxury living costs, the study underscores the evolving economic dynamics influencing the affluent lifestyle choices in these key financial hubs.

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