[lbo-talk] Singapore

Ismail Lagardien ilagardien at yahoo.com
Wed Oct 3 06:48:39 PDT 2012


Wojtek

They have a bidding process for cars. You submit a bid, which, according to a friend, could cost up to $90 000. It is essentially an application to own a car. One outcome is that people buy cheap Japanese cars, for which the application could be as low as 10 or 20 000 Singapore dollars. You may buy the car only once you have received "permission". It gets no easier after that. Every car has to be fitted with an automatic toll road device. You insert a "cash card" and money is deducted each time you enter business districts.

Ismail



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