Hong Kong is the most expensive city in the world to live in luxury, according to a research by Swiss private bank Julius Baer released on Thursday (Jan 16).
In fact, four out of the five most expensive cities are in Asia – Shanghai at No. 2, Tokyo at No. 3 and Singapore at No. 5 – according of its ranking of luxury goods and services in 28 cities. New York is the outlier in the top ranks at No. 4.
Property prices have fallen in Hong Kong in 2019, but other luxuries are just as expensive with the city cited frequently in the top 10 for categories such as fine dining and luxury cars.