Comment by shell0x
7 hours ago
I said I never needed a car there :) I can get anywhere by cab in like < 30 mins so I never saw the need to have one. However there are plenty of ultra rich people living there and also many driving luxury cars. It's also a status symbol there(Credit card/Condo/Car).
Condos are for the middle class. Landed property is the status symbol (but, alas, it doesn't start with a C.)
Btw, the cab obviously need to bid for CoE as well.
In the 80s and 90s when the housing market was more immature, I believe condos and landed property were around the same price, and condos were seen as somewhat more prestigious because it came with private facilities.
Probably. The classic 5 Cs are quite out of date in general: a credit card is no longer a status symbol, when anyone can get one.