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Singapore Tops 2025 Wealth Report; Luxury Market Shifts

7/22/2025

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Summary

Story summary

Singapore is ranked the most expensive city for high-net-worth individuals in the 2025 Global Wealth and Lifestyle Report.
London and Hong Kong follow closely behind in the rankings.
Dubai's rise to 7th place highlights a shift in luxury hubs, fueled by tax benefits and a thriving property market.
Cities like Bangkok and Tokyo are gaining traction due to increasing luxury demand.
High-net-worth individuals are focusing more on experiences than possessions, especially in Asia-Pacific and the Middle East.

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Story summary

Singapore is ranked the most expensive city for high-net-worth individuals in the 2025 Global Wealth and Lifestyle Report.
London and Hong Kong follow closely behind in the rankings.
Dubai's rise to 7th place highlights a shift in luxury hubs, fueled by tax benefits and a thriving property market.
Cities like Bangkok and Tokyo are gaining traction due to increasing luxury demand.
High-net-worth individuals are focusing more on experiences than possessions, especially in Asia-Pacific and the Middle East.