The premium in Category A, for cars below 1,600cc, surged $6,200 in the lastest bidding exercise, surpassing the previous high of $73,501 set in early August.
Easy financing is contributing to continuing demand. "Demand is still there, even as the economy slows down, and it is being propped up by cheap loans. So, as long as the monthly repayment is within the buyer's budget, he will get that new car."
(Source: The Business Times, 8 Nov 12.)
My reaction to this bit of news? This is totally mind-boggling!
Boggled at #1:
$77,201 for a certificate to own a car and a small one too.
Boggled at #2:
If monthly repayment is within budget, buy the car!
There are many rich people in Singapore. Bloomberg reported that there are 17 millionaire households out of every 100 households in Singapore in June 2012! Exact figure: 188,000 households.
I guess if ......
The premium in Category A, for cars below 1,600cc, surged $6,200 in the lastest bidding exercise, surpassing the previous high of $73,501 set in early August.
Easy financing is contributing to continuing demand. "Demand is still there, even as the economy slows down, and it is being propped up by cheap loans. So, as long as the monthly repayment is within the buyer's budget, he will get that new car."
(Source: The Business Times, 8 Nov 12.)
My reaction to this bit of news? This is totally mind-boggling!
Boggled at #1:
$77,201 for a certificate to own a car and a small one too.
Boggled at #2:
If monthly repayment is within budget, buy the car!
There are many rich people in Singapore. Bloomberg reported that there are 17 millionaire households out of every 100 households in Singapore in June 2012! Exact figure: 188,000 households.
