SINGAPORE: A report from earlier this week said that despite the cost of owning a luxury car being nearly equivalent to the annual income of a typical family in Singapore, buyers are still snapping up BMWs and Mercedes-Benzes. Bloomberg reported that 125 bidders offered as much as S$116,020 for rights to owning an “open category” … Continue reading ‘And here i am counting my pennies and deciding on how to maximise my groceries’ — S’poreans respond to boom in BMW, Mercedes-Benz sales despite new luxury tax