Many of you must have dreamt of living a luxurious life, I mean, who doesn’t? But do you know the most expensive city in the world for luxury living? Well, this year it’s Singapore! Yes, you read that right! Singapore is the most expensive city in the world for luxury living. The country has surpassed Shanghai and Hong Kong and topped the global list released by the Julius Baer report.
Singapore Ranks As The Most Expensive City In The World
What a view – of Marina Bay and beyond! 😍😍 https://t.co/kL79ao4pyI
— VisitSingapore (@VisitSingapore) October 22, 2022
Singapore was the first city to open its borders after the pandemic. The city has been a magnet, attracting a lot of high-wealth people; towards the end of 2022, about 1,500 family offices were noted.
The city is also the most expensive when it comes to car prices. The soaring demand for local infrastructure and high standard of living make it one of the most expensive cities. The residential properties in this city have a very high demand.
Julius Baer’s Lifestyle Index lists the most expensive cities in the world by analysing the information. The information was related to business class flights, dinners, residential properties, business schools, cars, and other luxuries.
Also Read: International Yoga Day 2023: America to Germany, Here’s How The World Is Celebrating The Day
Check Out The List
Experience Hong Kong’s electric nightlife🌃 and discover a side of the city that comes alive after dark. Explore hidden alleys and streets that are bursting with character and charm, take in stunning views of the skyline from the mountains or coastline.😍 pic.twitter.com/8GConcZwwl
— Hong Kong (@discoverhk) May 23, 2023
The top 10 cities that have been ranked as the most expensive cities in the world are:
- Singapore
- Shanghai
- Hong Kong
- London
- New York
- Monaco
- Dubai
- Taipei
- São Paulo
- Miami
Asia continued to be the most expensive area for a fourth consecutive year. Europe, the Middle East, and Africa are the places where a good life is most inexpensive to live for the first time since the survey began rating the most costly cities.
Brexit and the subsequent financial instability it produced have caused European cities to fall in rankings. London dropped to fourth from second last year as a result of having to contend with emerging financial centres like Dubai and Singapore.
Have you ever been to Singapore?
Cover Image Courtesy: Media Library