Julius Baer Group’s Global Wealth and Lifestyle Report 2025 ranks Singapore as the world’s most expensive city for high-net-worth individuals for the third year in a row, followed by London and Hong Kong. Five of the top 12 cities are in Asia-Pacific. Despite rising prices, particularly in business-class airfare, luxury goods like tech products and handbags saw price drops globally. Business-class tickets rose 18.2%, while tech items fell 22.6%. Dubai surged to 7th place, while Shanghai dropped to 6th. Spending on luxury experiences, such as fine dining and upscale travel, continues to grow as wealthy consumers shift focus from quantity to quality. The report highlights rising interest in longevity and sustainable investing, especially in Asia.