BUSINESSSCMP WORLD
Hong Kong drops to 4th costliest city for wealthy amid change in luxury spending
Hong Kong has dropped to the fourth most expensive city for wealthy individuals living well, with Singapore retaining the top spot for a fourth consecutive year, according to Julius Baer's Global Wealth and Lifestyle Report. The report evaluates costs for high-net-worth individuals in 25 cities based on 11 consumer goods and nine services.
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