Singapore is known for being one of the most expensive places in the world to own a car. At the time of this writing, a new family car like a Toyota Corolla 1.8L would have set you back by S$165,000 (about US$132,000). If the price of a basic BMW 7 series cost nearly S$400,000 (about US$320,000), try guessing the price of a new sparkling Ferrari!
Even with such exorbitant prices, exotic cars such as Bentley, Lamborghini, Porsche or the more common ones like Audi, BMW, and Mercedes-Benz are plying Singapore roads daily. While many believe the car you drive reflects the level of success you have achieved, the reality is far from the truth!
Kelvin Wong is a millionaire landlord and investor. Being a long-time real estate investor, he now owns a multimillion-dollar property portfolio in Singapore, Australia and Malaysia. Kelvin achieved financial freedom at 39 and has already retired. He is the author of The Principles of Wealth and Create Your Destiny. Kelvin is a Dean's List graduate of Marketing and Management Science from Edith Cowan University.
Copyright © 2011-2019 Kelvin Wong
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