I’ve finally cracked the code to generational wealth – it’s sitting still in my friend’s condo carpark.
Nothing screams “I’ve made it” quite like dropping $200k on a German luxury car, only to let it rust in the carpark while you squeeze onto a public bus at 7AM every morning.
Why? Because parking is “too expensive.”
The logic is flawless:
– Car: $200,000
– Insurance: about the same amount as a kidney I may have to sell to finance a upcoming back surgery
– Maintenance: NASA moon mission budget
– Dealbreaker: Parking fees
In Singapore’s premium zones, you can hit $10–15 before finishing your first cup of “artisanal” coffee. At MBS, it’s $14 for the first hour, then $1.50 every 30 minutes (they assume you’ll win big at the casino, apparently).
Work in Republic Plaza or Ocean Financial Centre? Easily $50–$60 a day. That’s $1,200+ a month – more than the full car installment for a Perodua Axia in Malaysia (just S$83/month). No wonder cheapskates stuff their faces with faux omakase in Malaysia.
There’s irony in seeing someone check their Richard Mille or Patek Philippe, frantically rushing so they don’t miss the bus…because “parking is costly.”
It’s like owning a private jet but taking the bus because airport snacks are overpriced.
Sigh, the more digits in the bank account, the fewer cells in the brain.
Real financial freedom in Singapore isn’t just about owning a car. It’s being able to afford the parking without having to live like a poor Dickensian orphan.
Otherwise, you’re just an idiot with a very expensive, very heavy paperweight parked away.
It’s all about getting your priority right, isn’t it? If things are really so tough, forget about owning a car.
After all, roughly 89% of Singaporeans don’t own a car – and they’re doing just fine. In a city built for transit, being part of the majority means you’re in good company.