In pics | Singapore tops global rankings as most expensive city for luxury living, surpasses Shanghai and Hong Kong

Singapore becomes the world's most expensive city for luxury living, surpassing Shanghai and Hong Kong, and attracting high-net-worth individuals. (Image- Unsplash)

Shanghai secures the second spot in the rankings, closely trailing behind Singapore as a top global centre for luxury living. (Image: Unsplash)

Hong Kong takes the third position in the rankings, maintaining its status as a highly desirable destination for luxury living. (Image: Unsplash)

London slips to fourth place in the rankings, facing challenges from Brexit and increasing competition from emerging financial centres. (Image: Unsplash)

New York rises to fifth place, propelled by a strengthening dollar and a post-pandemic rebound. (Image: Unsplash)

Monaco remains an exclusive and luxurious destination, maintaining its status as a haven for the wealthy. (Image: Unsplash)

Dubai continues to establish itself as a thriving global hub for luxury living, attracting affluent individuals with its opulence and extravagance. (Image: Unsplash)

Taipei, a vibrant metropolis in East Asia, offers a unique blend of rich cultural heritage and modern urban lifestyle. (Image: Unsplash)

São Paulo, the bustling economic hub of Brazil, showcases a vibrant mix of diverse cultures, thriving business opportunities, and a vibrant nightlife scene. (Image: Unsplash)

Miami, known for its beautiful beaches and vibrant Art Deco architecture, offers a unique blend of tropical charm, cosmopolitan flair, and a thriving entertainment and cultural scene. (Image: Unsplash)