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Singapore Retains Top Spot as Most Expensive City for High-Net-Worth Individuals

Published July 8, 2026 at 1:15 PM UTC

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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. Globally, Singapore ranked ahead of Zurich and Monaco, which placed second and third, respectively. The Republic's continued lead is attributed to the high cost of residential property and cars—two items that carry the heaviest weightings in Julius Baer's Lifestyle Index—as well as the strength of the Singapore dollar. Singapore ranked as the world's most expensive city for cars and placed third globally for residential property. The report notes that the strong currency, alongside a stable political system and resilient economy, reflect the relative stability and appeal of Singapore in an uncertain world. Several Asia-Pacific cities ranked among the most expensive globally for other goods and services. Hong Kong was the most expensive city for legal services, while Shanghai topped the ranking for fine dining. The Asia-Pacific region continues to outpace the global economy, with a projected regional gross domestic product growth of 4.5% in 2026, well above the global average of 2.9%. The report also points out that technology-led cities appear to be pulling ahead, while markets more reliant on traditional industries are changing more gradually. Despite the high costs, Singapore remains a highly desirable place to live and work, attracting HNWIs and businesses due to its stable political climate, safety, and quality services, including education and healthcare.