Singapore has once again been named the most expensive city in the world for the wealthy to live well, maintaining its top position for the third consecutive year according to a new global lifestyle wealth report.

Ultra-High Cost of Premium Living

The ranking reflects the rising cost of luxury goods and services in Singapore, including fine dining, private medical care, personal services, and premium recreational activities. High demand from affluent residents and expatriates has also kept prices elevated.

Key categories driving costs include:

• Private education and international schools
• Luxury car ownership and maintenance
• Premium groceries and upscale dining
• High-end fitness, wellness and medical care

Property Still a Major Factor

Prime residential property prices continue to play a significant role in Singapore’s ranking, particularly in areas such as Orchard, Tanglin, River Valley, and the Core Central Region (CCR).

Limited freehold supply and strong foreign wealth inflows contribute to:

• High luxury property prices
• Strong competition for centrally located homes
• Long-term capital resilience for prime districts

Why Singapore Remains Attractive Despite High Costs

Even with its premium cost of living, Singapore continues to attract high-net-worth individuals (HNWIs) due to its:

• Political stability
• Safe and clean environment
• Strong rule of law
• Efficient tax system
• World-class healthcare and infrastructure

Demand for prime properties and lifestyle services remains firm, reinforcing Singapore’s status as a preferred global wealth hub.

TopBroker Insight

While Singapore ranks as the most expensive city for luxury living, this also highlights the strength and desirability of its real estate market. For affluent buyers, owning property here is not just a lifestyle choice but a long-term capital preservation strategy — especially in the CCR and high-demand lifestyle districts.