Also an extremely high cost of ownership for automobiles, due to a required $50,000 certificate of entitlement. This means that the cost of the actual car is l

Also an extremely high cost of ownership for automobiles, due to a required $50,000 certificate of entitlement. This means that the cost of the actual car is less important. Or rather everybody buys a luxury vehicle. See [1] [1] https://blog-cdn.moneysmart.sg/wp-content/uploads/2014/08/truecost-revision.jpg https://blog-cdn.moneysmart.sg/wp-content/uploads/2014/08/tr...