Many cities around the world are attractive to the rich who want a luxurious life. However, according to the recently released Julius Baer 'Global Wealth and lifestyle Report 2025', singapore has retained its top spot as the most expensive city in the world for the third consecutive time. This report analyzes the expenditure on luxury goods and services consumed by people with a wealth of at least one million dollars. This 'Lifestyle Index' was created based on data collected between february and march 2025.

 What are the reasons for singapore becoming such an expensive city? There are many reasons why singapore has become the most expensive city. This city has the most stable economic and political environment. It provides the most favorable environment for international business. Policy changes taken to attract foreign investment are also one of the reasons. Locals spend a lot on luxury goods and services. Especially in sectors like gold, healthcare, education, footwear, and food, the costs in singapore are significantly higher. All these factors together have significantly increased the cost of living in singapore, making this city the most expensive city. london overtakes hong kong to take second place hong kong, which was in second place last year, has slipped to third place this time. london has taken second place in its place. Cities like Zurich, Milan, and paris in europe have also consolidated their position in the list of the most expensive cities.
 List of the top 10 most expensive cities:
 1. singapore,
2. london
3. hong kong
4. shanghai
5. Monaco
 6. Zurich
 7. New York
 8. paris
9. São Paulo
10. Milan

According to the report, even though the post-Corona situation has improved, the impact of inflation, geopolitical uncertainty, and foreign exchange fluctuations continues. These factors are affecting the cost of living in cities around the world. A luxurious life is a dream for many. However, the report makes it clear that the cost of achieving it is also increasing at the same rate. It is impressive that singapore has once again retained its top position among the cities that are suitable for the rich in the world. However, for ordinary people, these cities may remain a distant dream.
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Sowmiya Sriram

16/07/2025 01:08 PM