Reported 11 months ago
Compiled by Yeh Ting-jun/Integrating foreign news, as of June 25, 2024, at 6:36 PM, for high-net-worth individuals (HNW) aiming for a luxurious lifestyle, Singapore remains the most expensive city globally, while Taipei ranks 13th, a slight decline. According to the latest '2024 Global Wealth and High-End Living Report' by Julius Baer, Singapore has maintained its top spot for the second consecutive year due to its stable political and economic situation, along with the favorable business environment attracting the ultra-wealthy. The report found that the 'cost of living luxuriously' globally, including expenses like owning a car, luxury homes, fine dining, and purchasing jewelry, has increased by 4% this year, lower than the 6% increase last year. Each city has its own luxury factors, such as exorbitant car costs in Singapore, legal service fees in Hong Kong, and high-end dining in Shanghai. While Hong Kong and London have risen in rankings to second and third place, respectively, many other Asian cities have seen a decline, including Taipei sliding from third place in 2022 and eighth place in 2023 to 13th this year. Shanghai ranks fourth, possibly due to challenges in the real estate market and weakening consumer confidence, while Tokyo directly dropped to 23rd due to the depreciation of the Japanese yen. Many significant changes in rankings are attributed to exchange rate fluctuations. Living a luxurious life in Santiago, Chile, is now more expensive than in Tokyo when priced in US dollars, reflecting a scenario previously 'unimaginable'. Zurich in Switzerland jumped to sixth place, the city with the most significant ranking improvement this year, mainly due to the appreciation of the Swiss franc. London's rise in rankings is partly due to a stronger British pound and some normalization post-Brexit. [Read more] More news on UDN: A young boy shocked to vomit a 'pair of eyes' on the ceiling, parents are in disbelief; see this scene and regret after seven days. After studying hard, finally passed the civil service exam, administrative arts girl started work and instantly disillusioned: Do I really have to do this for 40 years? The school district charm is gone on YiZhong Street...he went to an old store for a meal and was stunned by the side dishes; netizens exclaim 'unbelievable', would rather eat at a convenience store. South Korea's rising male god, the most influential No.1, dominates Milan Fashion Week, model's glorious return.
Source: YAHOO