The Most Expensive in the World for the Wealthy — Which City Millionaires Have Chosen.

Singapore has topped the list of the most expensive cities in the world for the wealthy for the third consecutive year. This city-state is characterized by high prices for luxury goods and services, but even economic turbulence could not end its dominance.

The Swiss banking group Julius Baer compiled a global cost of living index for wealthy individuals, focusing on prices for various premium goods and services. In the top 5 most expensive cities, besides Singapore, are London, Hong Kong, Monaco, and Zurich.

According to analysts, Dubai is gaining momentum due to favorable taxation and other attractive conditions for wealthy expats, making it one of the promising centers of luxury. At the same time, Singapore not only demonstrates stability and economic growth but also becomes a kind of 'trendsetter' in the luxury sector, setting standards for the rest of the world.