Singapore is the most expensive city for a life of luxury, according to a new ranking. 2 US cities make the top 10.

Scientific Playa

Superstar
Supporter
Joined
Oct 13, 2013
Messages
13,930
Reputation
3,255
Daps
24,896
Reppin
Championships
Former NY Mob Boss Charles "Lucky" Luciano that got deported to Italy after his prison bid once said he'd be happy if he could visit NY and MIA for 2 weeks before he passed away.
I saw some similar older threads on cities around the world but decided the info was dated.

Business Insider
Singapore is the most expensive city for a life of luxury, according to a new ranking. 2 US cities make the top 10.

Grace Dean
Sun, July 2, 2023


64817197bbd8b400195bdef7

It's not cheap to live in Singapore. NurPhoto/Getty Images

Singapore is the most expensive city for living in luxury, per a report by the Julius Baer Group.
Rent, house prices, school fees, taxes on cars, and living expenses are all high in the city-state.
Shanghai, Hong Kong, London, and New York completed the top five.
Singapore is the most expensive city for an upper-class lifestyle, according to a new report by the Julius Baer Group.

The Swiss private bank released its 2023 Global Wealth and Lifestyle Report on Tuesday.

Singapore pushed Shanghai off the podium, marking the first time the Asian city-state topped the ranking. It came in fifth place last year and ninth in 2021.

Julius Baer analysts wrote that Singapore's government had succeeded in their attempts to make it an attractive place for high net-worth individuals to live and work but that this had also pushed prices up.

In particular, the city-state, which has a population slightly over 5.5 million, has high rent, house prices, school fees, taxes on cars, and general living expenses, the analysts wrote. Essential health insurance is more than double the global average, they added

According to a cost-of-living calculator on a Singapore government website, a room in a condominium outside the city-state's central region generally costs between 1,300 and 2,350 Singaporean dollars a month ($970 to $1,750).

Renting a private condominium costs between 3,800 and 5,750 Singaporean dollars a month on average ($2,830 to $4,285.)

"Long considered liveable, stable, and cosmopolitan, Singapore is now vying to become a leading global centre for the wealthy," the Julius Baer analysts wrote, adding that it has a bustling airport and one of the world's highest GDPs per capita.

By the end of 2022, Singapore had an estimated 1,500 family offices – twice the number of the previous year.

Here is Julius Baer's ranking of the 10 most expensive cities for "living well":

1. Singapore
2. Shanghai
3. Hong Kong
4. London
5. New York
6. Monaco
7. Dubai
8. Taipei
9. São Paulo
10. Miami

Singapore is the most expensive city for a life of luxury, according to a new ranking. 2 US cities make the top 10.
 

DrBanneker

Space is the Place
Joined
Jan 23, 2016
Messages
5,793
Reputation
4,895
Daps
20,262
Reppin
Figthing borg at Wolf 359
Notice all of these but Taipei are major financial centers. A lot of the world's money (dirty or not) and the related people park assets and buy property in these places. It usually isn't the locals. Even in Shanghai, a lot of the money is from wealthy folks across China.

Taipei I think is in part because rich HK folks are using it (and Singapore) as a bolt hole to get their money and residency out.
 
Top