#Shanghai

A new international survey has found Singapore, Hong Kong, and Shanghai lead the list of Asia’s most expensive cities for “living well” in 2025, with Singapore claiming the global top spot for the third consecutive year. The findings, published in Julius Baer Group’s Global Wealth & Lifestyle Report 2025, underscore shifting trends in luxury consumption—and hold important implications for affluent Thais and Southeast Asian travelers seeking both status and substance in urban living.

A Shanghai bookstore renowned for its futuristic interior design, which has been drawing enthusiastic crowds even through the recent summer rainstorms, is being lauded as one of the city’s latest cultural and tourism landmarks. Locals and visitors alike are flocking to the site, which has, since its 2013 opening, become a shining symbol of the dramatic transformation underway in China’s traditional bookstore sector (CGTN).

The emergence of this bookstore as a magnet for both culture-seekers and tourists is emblematic of broader shifts in urban China, where physical bookstores are evolving from mere retail outlets into experiential destinations. Despite the digital boom—e-books, online retailers, and audiobooks—demand for tactile, immersive reading environments persists and appears to be growing, particularly among younger generations and urban professionals seeking communal experiences and creative inspiration.