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Old 20-10-2015, 04:08 PM
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Yes. You should just take the MRT. Buy a condo next to an MRT station. If you live in the West, buy condos such as The Centris, The Lakeshore, The Lakefront Residences, J Gateway or Caspian. These condos are near MRT stations. Better use your $2k pm to pay for a mortgage for these condos than to use it to pay for a car. If you take the bus and MRT, your monthly transport expenses will be $300 pm the most.

Originally Posted by SG Guy View Post
I want to say for Cars in Singapore, it is probably more accurate to include the car depreciation in the monthly expenses. A normal car here already depreciates at about $12K per year or $1K a month, and that is assuming you use the car till the end of life. If you are the type that change your car every few years, the depreciation is probably higher.

Then add in petrol, insurance, road tax, parking, ERP, servicing, grooming, repairs etc. The real number rises quickly to $2K or even more if you have a conti/luxury car.

Cars damn expensive in Singapore man
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