HONG KONG: Asia remains the costliest region in the world to live in, with Singapore taking the number one spot, followed by Shanghai and Hong Kong, according to Julius Baer's latest Global Wealth and Lifestyle report.
The report looks at a basket of 12 consumer goods and eight services that reflect the spending patterns of high-net-worth individuals (HNWIs). It showed that prices for all goods and services have increased on average by 13% in local currencies and by 6% in United States dollar terms over the past 12 months.
