The Zurich-based Julius Baer Group published its most current rankings recently stating that Singapore is the world’s priciest city now. According to the Julius Baer Global Wealth & Lifestyle Report 2025 London has secured the second position in the top 10 global cities for living well. In India Mumbai ranks 20th overall making it the most expensive city in the country. Interestingly Mumbai held the same position last year as well. Which is world’s most expensive city? As per the Julius Baer Global Wealth and Lifestyle Report 2025 Singapore is the most expensive city to enjoy a luxurious lifestyle. The report evaluates the cost of living for High-Net-Worth individuals (HNWI) from 25 cities around the world. The Julius Baer Lifestyle Index analyses the cost of a basket of goods and services representative of ‘living well’ in 25 cities around the world reads the statement on the official website. The Julius Baer Lifestyle Index survey is based on the living costs and luxury expenditure in 25 cities around the world. It considers living costs which include housing cars business class flights schooling dining out and anything else that can be labeled as premium lifestyle. Of the top 20 eight of those cities are located in Asia which include Singapore Hong Kong (3rd) Shanghai (6th) Bangkok Tokyo Jakarta Mumbai and Manila. Although both Hong Kong and Shanghai dropped in the rankings this year with Hong Kong dropping from 2nd last year and Shanghai dropped from 4th. The report states that people in Mumbai spend the most on air travel (42%) and dining in restaurants (44%) while only 12% of spend was on hotel stays and 9% was on luxury items. Approximately 13% of people in Asia travel in business class while 9% usually spend money on watches and 8% on cycling. The report also emphasizes that the Asia-Pacific region is known as one of the fastest-growing places on the planet. Asias projected figure of 47.5% of the worlds new High-Net-Worth Individuals (HNWIs) between 2025 and 2028 are driven by the increased growth from China and India.