Singapore named world’s most expensive city for luxury spending for fourth year in a row
Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe. Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since
AdvertisementSingaporeAsiaSoutheast AsiaSingapore named world’s most expensive city for luxury spending for fourth year in a rowZurich, Monaco, Hong Kong and London rounded out the top five in Swiss wealth manager Julius Baer Group’s Lifestyle Index2-MIN READ2-MINBloombergPublished: 11:07am, 7 Jul 2026Updated: 11:19am, 7 Jul 2026Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe.Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020, according to an annual report by Swiss wealth manager Julius Baer Group. Hong Kong and London rounded out the top five.
Zurich’s three-place rise was propelled by the strengthening of the Swiss franc, supported by the country’s reputation for stability and the currency’s role as “store of value” in unpredictable times, the wealth manager said.Singapore’s long-held top rank is driven by high prices of residential property and cars – the two categories with the heaviest weightings in the index – along with the strong Singapore dollar, it added. The index compares prices on a US dollar basis.
“What is clear in 2026 is that the world continues to be a complicated place, and uncertainty remains at a very high level,” Christian Gattiker, head of research at Julius Baer, said in the report. “In this environment, stable cities and countries become even more attractive.”People walk past Wisma Atria shopping centre in Singapore’s luxury shopping area of Orchard Road in March 2024.
Photo: EPA-EFEThe bank’s Lifestyle Index ranks 25 cities by analysing the price inflation of 20 luxury items and services such as residential property, cars, business class flights, school fees and degustation dinners. The survey interviewed 360 high-net-worth individuals with bankable household assets of US$1 million or more from February to March 2026.AdvertisementSelect VoiceSelect Speed0.
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