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Uhm... generally cars in Singapore are really expensive.
They have this piece of paper that you have to buy in order to own a car. It's called the Certificate of Entitlement and it is only for 10 years. One of this piece of paper is going for between 50k to 70k depending on the engine capacity of the car.
They keep reducing the amount of COEs basically, like you said, to encourage public transport. But I mean afterall, it's still an asian country and what you drive determines how successful you are. & cos everyone out there is concerned about their "face" they just go along with it. I mean, the people keep complaining about all these extra costs, but if you really want a car then you aint got a choice.
I was looking it up and i saw an M3 coupe is going for 385,000. Even a basic honda civic is going for 110,000. With all these japanese cars going for over 100k, the demand for continental cars are increasing.
Apparently, toyota used to be the number one car sold in singapore but now it's BMW!
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