Singapore has maintained its position as the world's most expensive city for high-net-worth individuals (HNWIs) for the fourth consecutive year, according to the Julius Baer Global Wealth and Lifestyle Report 2026. The report highlights that Asia-Pacific cities have strengthened their presence in the rankings, with five cities—Singapore, Hong Kong, Shanghai, Sydney, and Bangkok—occupying half of the global top 10 spots.
The report attributes Singapore's leading position to the high costs associated with residential property and automobiles, which are weighted heavily in the Julius Baer Lifestyle Index. Additionally, the strength of the Singapore dollar contributes to the city's high ranking. Globally, Singapore is followed by Zurich and Monaco, which occupy the second and third positions, respectively.
The Asia-Pacific region's dominance in the rankings reflects its robust economic performance, with the region's gross domestic product projected to grow by 4.5% in 2026, surpassing the global average of 2.9%. This growth is particularly evident in technology-driven cities, while markets reliant on traditional industries are experiencing more gradual changes.
Despite the high costs, Singapore remains an attractive destination for HNWIs due to its stable political climate, resilient economy, and strong currency. The city's appeal is further enhanced by its reputation for safety and quality services, including education and healthcare.
The report also notes that while Asia-Pacific cities are home to some of the world's most expensive locations for the wealthy, the overall price growth in the region remains below the global average. This suggests that despite the high costs, the region continues to offer value and stability to HNWIs.
In summary, Singapore's consistent ranking as the most expensive city for HNWIs underscores its status as a global financial hub and a preferred destination for the ultra-wealthy, driven by its economic stability, political security, and high-quality living standards.