Published on March 12, 2014 in The Wall Street Journal: Expat:
It’s no secret that Singapore loves cars. The Formula One Grand Prix is a huge annual event drawing hundreds of thousands, and sleek sports cars often can be seen zinging down the city’s clean streets. But for a culture that celebrates cars, it’s shockingly expensive to own one here–both for locals and expats. For example, the price tag on a Kia Optima? About $147,000 Singapore dollars (or about US$107,700).
Read the rest HERE!