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Singapore is 'priciest place to buy cars but its public transport is among cheapest'

Published on May 16, 2014 9:45 PM
 
Potential car buyers and members of public at the Toyota showroom on March 17, 2013. Singapore is the most expensive place in the world to buy a car, according a survey by Deutsche Bank. -- ST FILE PHOTO: NEO XIAOBIN

Singapore is the most expensive place in the world to buy a car, according to a survey by Deutsche Bank.

The bank's annual survey of global prices released on Friday found that a new Volkswagen Golf costs US$126,499 (S$158,125) here.

The amount far exceeds the next highest price tag of US$55,516 needed to buy the same car in Kuala Lumpur and is more than five times the US$26,700 cost in New York.

Offering to take the tabs for a pint of beer here will also set your savings back by a sizeable amount - US$7.94 to be precise - the second most expensive city to enjoy your drink, behind Paris at US$8.11.

 
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