(May 24 14:30) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
But luxury item prices continued to climb 2.4% from last year.
Singapore dropped from its ranking as the second most expensive city in Asia, Julius Baer revealed. Shanghai fell a notch from first place and got replaced by Hong Kong.
According to a report, Singapore’s basket of luxury items jumped 2.4% from last year due to a rebound in property prices (+7%) and large gains in prices for cigars (+32%), golf club memberships (+22%) and legal fees (+18%). This outpaced the index’s +1.42%.
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