Soaring Certificate of Entitlement (COE) premiums and a robust Singapore dollar have made the cheapest passenger car here - the manual Chery QQ 0.8 - the equivalent of most European luxury badges elsewhere.
Even at a promotional net price of S$74,988, the Chery QQ gets you the Porsche Boxster Black Edition at US$55,200 in the US.
The above fron an article in Business Times (Singapore).
Some other car comparisons:
- a Toyota Corolla in Singapore cost the same as a Jaguar XFR in the US
- a BMW 520i cost the same as a Ferrari California
- a Lexus LS 460 cost the same as a Rolls-Royce Ghost
Property in Singapore is of course also very expensive, what a HDB flat can buy:
- a 3-room HDB in Bedok buys a 12 acre island in Maine, US
- a 4-room HDB in Serangoon buys a seaview villa in Spain
- a 5-room HDB in Bukit Batok buys a mansion in Georgia, US
- a 5-room HDB in Bukit Merah buys a 2-acre island in the Caribbean
Interestingly enough, Singapore is one of the cheapest countries in which to buy the new iPad. The cheapest model went for US$ 527 at the online Apple store. Buyers in Europe had to pay at least US$ 600. For most, this will have to be consolation enough if house and horsepower remain out of reach.