A car like a Rolex. Why car ownership is a luxury for Singaporeans

Many Singaporeans don’t have much reason to own a car. Most residents rely on an expanding and affordable public transport system that covers the entire island. The city-state has perhaps the strictest regulations on motor vehicle ownership. In addition to the price of the car itself, applicants must also pay for a permit to own a car. This can cost up to $84,000, and the price depends on the value of the model.