Why no car? In SG, its constantly depreciating purchase, expensive, and can only be used for 10 years. From a financial point of view, not a good buy. From a necessity point of view, does a couple with no children really need a car? But from a convenience and image point of view, yes having a car has its advantages.

Property #1 was acquired with parental help. But the other properties 2 and 3, were fully acquired thru the savings from our income (spouse and I), and the savings from not buying a car. Do remember that a few years ago, property was much cheaper than now, no such thing as TDSR or ABSD either. So, its possible.