it is really fascinating when car prices in Malaysia and Singapore are revisited.
The last time i posted on this topic was back in the year 2007, back then i was wondering why the car prices was so expensive in malaysia compared to singapore in term of purchasing power.
however in the short span of four years, a quick check on the car prices listed on their toyota website shows that,
To own a Toyota Altis in,
a) Singapore - SGD 100,000 (RM 240,000).
b) Malaysia - RM 105,000.
Car prices in singapore has increased by a whopping 100,000-60,000/60,000 = 67%!, while in malaysia the price remains almost the same.
This might be attributed to the following factors,
1.) Economy expansion - Salary has gone up and more residents can afford to own a car.
2.) Increase in population in the last 5 years - addition to the above, there are new residents that can also afford to own a car.
3.) New quota system for issuance of COE - this has resulted in lower COE being released?.
what say you?
