Jun 22, 2023 06:08 PM

WORLD

These Are World’s Most Expensive Cities for High-Class Living

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Pedestrians walk by luxury goods shops at Orchard Road in Singapore. Photo: Bloomberg

Pedestrians walk by luxury goods shops at Orchard Road in Singapore. Photo: Bloomberg

(Bloomberg) — Singapore surged to top the rankings as the most expensive city in the world for luxury living for the first time as it vies to be a leading global center for the rich.

The city-state, ranked fifth in 2022, leapfrogged ahead of Shanghai and Hong Kong, which are in second and third spots respectively, according to a report by Swiss wealth manager Julius Baer Group Ltd.

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