The price of food, energy and other necessities is soaring globally. But in Singapore, the rich still want luxury cars.
People in the city-state are paying the highest amount in decades just for the right to own a premium car, official data showed on Wednesday.
The cost of the most exclusive certificates of entitlement, which residents must obtain before they are allowed to purchase a car, breached six figures in June for the first time in at least 20 years, according to official data.
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