I've heard that it's prohibitively expensive to own a car in Singapore, but finally decided to check out the prices for myself. A significant part of the expense is the Certificate of Entitlement (COE) that all car owners must have. The COE is associated with a specific car and is good for 10 years, at which point you must export the car, scrap it, or get another COE. The program is intended to control the number of cars on the road and it's probably why the downtown streets of Singapore don't look like New York. Bidding (yes, bidding) on certificates happens twice a month and the prices are insane and fluctuate wildly.
One of my local colleagues at the hospital and I had this exchange shortly after I started working here.
Colleage: "How did you get to the hospital today?"
Me: "I took the MRT (Singapore subway) and a taxi. How do you usually get to work?"
Colleage: "BMW."
Me: "Ohhh, very nice!"
Colleage: "Bus - MRT - Walk."
Check out the most recent COE bidding results below and some sample VW prices (SG$100 = $80 CAD).