If you’re wealthy, Asia Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world. Those are some of the key findings from a Julius Baer Group Ltd. report about luxury lifestyles released Friday, which stated that part of the reason for the region’s success was its swift recovery from the coronavirus pandemic. By contrast, the Americas is the most affordable because of the slump in the U.S. and Canadian dollars and sharp devaluations of Latin American currencies. Asian cities are more expensive partly because “Covid didn’t become an epidemic quite the same way it unfortunately became in the other cities in the index,” said Rajesh Manwani, Julius Baer’s Head of Markets & Wealth Management Solutions in Asia Pacific. “So they were able to function more normally than the others.”
For the Rich, Living in Asia Is Costlier Than Anywhere Else
This content was published on April 9, 2021 - 04:56
April 9, 2021 - 04:56
(Bloomberg) If you’re wealthy, Asia Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world.
Those are some of the key findings from a Julius Baer Group Ltd. report about luxury lifestyles released Friday, which stated that part of the reason for the region’s success was its swift recovery from the coronavirus pandemic. By contrast, the Americas was the most affordable because of the slumps in the U.S. and Canadian dollars and sharp devaluations of Latin American currencies.
New York makes top 10 most expensive cities list
New York makes top 10 most expensive cities list
Bloomberg
Bloomberg
If you’re wealthy, Asia Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world.
Those are some of the key findings from a Julius Baer Group Ltd. report about luxury lifestyles released Friday, which stated that part of the reason for the region’s success was its swift recovery from the coronavirus pandemic. By contrast, the Americas was the most affordable because of the slumps in the U.S. and Canadian dollars and sharp devaluations of Latin American currencies.
This is the world’s priciest city, and it is not Hong Kong The Covid-19 crisis that has swept through the world and left hordes of people without jobs has also enriched the wealthy 09 April 2021 - 10:56 Yoojung Lee and Denise Wee Skyscrapers are shown in Shanghai s financial district in this aerial photo. The city has overtaken Hong Kong as the world s most expensive city, according to a recent Julius Baer Group luxury lifestyles report. Picture: 123RF/ZHAO JIANKANG
Seoul/Hong Kong If you’re wealthy, Asia-Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world.
Business Class ticket rates actually rose in 2020 despite grounded flights: Julius Baer gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.