1 / 151. Singapore | Retaining its top spot for the third consecutive year, Singapore continues to be the most expensive city globally for luxury living. The city stands out for its stability and security, with hotel suite prices rising by 10.3%. (Image: Canva)
2 / 152. London | Climbing to second place, London overtakes Hong Kong due to a 26.6% spike in private education costs and a 29.7% increase in business class flights. However, the city’s wealth appeal saw turbulence following the end of non-domiciled residency status. (Image: Canva)
3 / 153. Hong Kong | Now ranked third, Hong Kong slipped one spot as hotel suite prices dropped by 26.1%. Still, the city remains a key luxury hub, with renewed interest from wealthy individuals driven by a recently introduced investment-for-residency scheme. (Image: Canva)
4 / 154. Monaco | The glamorous city-state holds the fourth position. Known for its tax haven status and opulent lifestyle, Monaco continues to be a symbol of ultra-luxury living. (Image: Canva)
5 / 155. Zurich | Zurich rounds out the top five, benefiting from shifts in wealth relocation post-Brexit. The Swiss financial hub remains a favourite among high-net-worth individuals for its economic and political stability. (Image: Canva)
6 / 156. Shanghai | Once the top city in 2022, Shanghai has dropped two spots to sixth. The shift signals changing luxury dynamics in China amid global economic adjustments. (Image: Canva)
7 / 157. Dubai | Jumping five places, Dubai now ranks seventh. It’s fast emerging as a strong alternative to traditional Western hubs, fueled by ongoing millionaire relocations that began during the pandemic. (Image: Canva)
8 / 158. New York | New York secures the eighth spot and is the only American city in the top 10. Its status as a global financial and luxury hub keeps it relevant despite the broader downturn in the luxury sector. (Image: Canva)
9 / 159. Paris | Paris remains in the top 10, offering a blend of high fashion, gourmet experiences, and prime real estate that continues to attract the global affluent class. (Image: Canva)
10 / 1510. Milan | Milan strengthens its position as a luxury destination in Europe. Its appeal has grown as global elites reconsider UK residency following policy changes. (Image: Canva)
11 / 1511. Tokyo | Tokyo offers a distinct blend of traditional and modern luxury. Although outside the top 10, it continues to appeal with its high-end retail, hospitality, and cultural cachet. (Image: Canva)
12 / 1512. Sydney | Sydney’s luxury scene stays strong with its blend of waterfront real estate, elite schools, and lifestyle services tailored for the ultra-rich. (Image: Canva)
13 / 1513. Barcelona | Barcelona provides Mediterranean luxury with cultural richness, making it a popular choice for those seeking upscale living in Southern Europe. (Image: Canva)
14 / 1514. Taipei | Taipei maintains its position with rising prominence in the Asian luxury market, offering a stable, high-quality urban experience. (Image: Canva)
15 / 1515. Frankfurt | Frankfurt rounds out the top 15, bolstered by its status as a financial capital and a secure, efficient city for luxury consumption. (Image: Canva)
