Singapore’s $316,000 Toyotas fuel angst over wealth gap

Driving in Singapore was never meant to be cheap, and the government controls the number of vehicles on the road to keep it that way. (Image: Edwin Koo/Bloomberg)

Bloomberg

Sat, 03 Feb 2024

By Low De Wei, Yoojung Lee and Jinshan Hong, with assistance from Kevin Varley and Stephanie PhangFor most of her life, Sabrina Vu had a car, even though you can’t drive far in her native Singapore, a city-state of only 735sq kilometres. But when she went to the showroom for the first time in six years and realised she’d have to shell out the price of an Aston Martin in most countries for a Toyota, she thought again.“When we went into the Toyota dealership, they were asking S$260,000 [NZ$316,700] for a hybrid,”...

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