Singapore, Hong Kong Are Costliest Cities for Luxury Spending
- Tokyo, Dubai drop in rankings while London, Zurich rise
- Europe, Middle East and Africa becomes most expensive region
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Singapore remains the most expensive city in the world for spending on luxury goods such as jewelry and shoes and services including dining, health care and education.
Rival Hong Kong climbed one spot from last year to second, while London rose one place to third, according to an annual report by Swiss wealth manager Julius Baer Group Ltd.