BMW 3 Series Costs $260,000 as Singapore Tax Keeps Cars for Rich

Francis Goh sits in a bronze BMW 335i convertible in a showroom in Singapore, waggling the wheel and feeling the leather. They Is not fazed by the S $ 340.000 ($ 260.000) price tag, five times what the car costs cloudy in the U.S.

"I see the price of a BMW, to me it's a Reasonable," said Goh, adding That May Instead they go for a Mercedes-Benz E200 or Audi A5 Thurs replace his Subaru Impreza WRX.

Record Economic Growth in the city-state is like adding providers Buyers Goh, a 34-year-old worker in the Financial industry, to splash out on Bayerische Motoren Werke AG and Daimler AG autos Even as a 24-fold jump in the cost of a car permit inflates costs. As the government cuts the number of new autos on sale, Prices of Which are Already Among the Highest Globally Look Set to rise further.