Julius Baer has released its Global Wealth and Lifestyle Report 2026, revealing that the Asia Pacific (APAC) region continues to be a leader in global affluence. The report highlights that Singapore has retained its title as the world’s most expensive city for high-net-worth individuals (HNWIs) for the fourth consecutive year. This is attributed to high residential property and car prices, alongside the strong Singapore dollar.
The report indicates that APAC’s average price increase of 7.4% in US dollar terms is below the global average of 10.2%, suggesting that currency appreciation in other regions has had a more significant impact than local inflation. APAC investors are noted for their adaptive behaviour, with over 74% increasing diversification in the past year. The region is also experiencing a two-track economy, with cities like Singapore, Hong Kong, and Shanghai benefiting from hi-tech growth, whilst others remain reliant on traditional industries.
Jen-Ai Chua, a research analyst at Julius Baer, commented on the economic dynamics: “The presence of cities in both the top and bottom five of the Lifestyle Index reflects the emergence of a two-track economy in the region.” Meanwhile, Singapore Branch Manager Yee Kim Tan noted the city’s appeal for asset diversification due to its stability and strong rule of law.
The report also highlights that APAC cities dominate the global rankings for luxury spending, with five of the top ten most expensive cities located in the region. This underscores APAC’s role as a powerhouse in global affluence, with a focus on future-oriented wealth accumulation and ethical investment criteria.
