Let me ask you a question, do you think cars or
hdb flats are more expensive in singapore?
Now keep that answer in your head while I walk through with you the numbers...
Let's say you were that unintelligent guy who bought the pinnacle at duxton flat for 950k. It is 5 years old with approximately 91 years of lease left...
Is it wiser to pay 950k to own a flat for 91 years OR to pay 950k to own and use a car for 54 years (assuming a yearly cost of 17.5k?
If one accepts the cost of car ownership than one must say that to buy a 4 room flat at pinnacle is the best deal cos it is so much "cheaper"! And last I checked, there are 2 toilets in a 4 room flat. How many toilets does a Corolla have? LOLOL