Singapore maintains its title as the most expensive city for high networks, according to the Gulius Baer.
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Singapore kept the lead as the most expensive city in the world for high -value individuals (HNWIS) for the third year in a row, according to what he said. 2025 Global wealth report and lifestyle By Swiss Bank Julius Bayer.
This report relies on the Julius Baer Lifestyle index, which searches for the relative cost of a basket of 20 goods and services owned by wealthy consumers across 25 main cities who buy and use them such as cars, jewelry, lawyers and private schools. It also includes data from a 360 HNWIS survey (bank assets that are worth one million dollars or more).
The sixth edition Among the bank’s annual report comes amid global economic uncertainty, high geopolitical tensions and slowdown in consumer spending.
The data collection of this study was completed before the American administration announced the customs tariff plans, and therefore the turmoil in the subsequent market was not placed in the numbers this year, according to the report.
It is worth noting that the report recorded a 2 % decrease in US dollars for a high -value lifestyle. This is important because “historically, advanced consumer prices have increased by a rate of twice the rate of consumer.”
The report added that a decrease from more than one percentage point confirms the opposite winds facing the upscale sector. “He was one of the largest drivers in this decrease in the price of technology, which decreased in all regions.”
On the contrary, the price of trips and hours of business degree increased sharply by 18.2 % and 5.6 %, respectively, last year, according to the report.
Ultimately, spending is still increasing worldwide between HNWis who have been polled, albeit in previous years. Europe has shown the slowest growth compared to the Middle East, Latin America, North America and the Asia and Pacific regions.
Here are the 10 most important cities for individuals of high value worldwide:
- Singapore
- London
- Hong Kong
- Monaco
- Zurich
- Shanghai
- Dubai
- New York
- Paris
- Milan
Adults
This year, Europe formed five of the ten most places for HNWIS to live with London, which leads the group, ranked second in the world. London was constantly strong performance on the index.
“Through the global financial crisis, Britain’s exit from the European Union, the Kofid’s pandemic, and a war in Europe, has always maintained a place in the higher tributaries,” according to the report. This is partially due to the city as a modern and global financial center with “history, narrow, culture, and magic.”
At the same time, Dubai has made a big leap to the seventh place of the twelfth place last year, and it is largely due to the high real estate, cars and champagne prices.
Shanghai, on the other hand, fell to the sixth place of fourth place, and it stumbles very slope from its highest ranking in 2022. Especially, there was only one American city – New York – in the top ten in the list.
Asia and the Pacific Ocean topped the ranks, where Singapore and Hong Kong landed in two of the three best positions for the most expensive city.
“Asia and the Pacific are one of the fastest growing regions in the world. The real GDP has grown by 4.5 % on an annual basis in 2024-and it passes slightly from 5.1 % in 2023 but still exceeds the global average of 3.3 %,” said Julius Bayer, Jin-I Choa.
“The company’s basics led to a high rapid rise in wealth in the region. It is expected that the number of high -value individuals in Asia will grow by 5 % on an annual basis to 855,000 in 2024.”
It is interesting, although Singapore maintained the highest center as the most expensive city of HNWIS, it is still suitable for living. The country is a pioneering option to move and reside, according to the report, because of its stable political environment, comprehensive safety, health care and quality education.
The report said that the city’s state has also become a leader in well -being, “a large number of therapeutic gardens have opened to help visitors interested in mental wellness experiences.” This comes amid a wider direction of an increasing concentration over the age.
The longevity in focus
Almost all respondents were well interested in age and aging, taking between 87 % (North America) and 100 % (APAC) effective steps to increase their longevity. This ranges from lifestyle changes such as regular exercises and a good diet to investing in things such as genetic therapy and refrigerated rooms.
These high -value individuals were also interested in the long life. “The vast majority of respondents in all regions have witnessed an increase in the value of the total assets, and a similar majority says they will escalate their wealth strategies if they live for ten years or more than expected,” according to the report.
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