Overview

• Singapore remains the world’s most expensive city for luxury living for the third consecutive year according to Julius Baer’s 2025 Global Wealth and Lifestyle Report
• London climbed to second place after a 26.6% jump in private school fees following VAT reforms and a 29.7% rise in business-class airfare costs
• Hong Kong fell to third as property, technology items and alcohol prices eased in the past year
• Dubai surged five spots to seventh, supported by tax-friendly policies and a booming high-end lifestyle sector
• Shanghai slipped to sixth after topping the 2022 index and New York held steady at eighth as the only American city in the top ten