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Singapore’s $260,000 Toyotas fuel angst over wealth gap

Bloomberg
Bloomberg • 5 min read
Singapore’s $260,000 Toyotas fuel angst over wealth gap
Singapore's Orchard Road. Photo: Bloomberg
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For most of her life, Sabrina Vu had a car, even though you can’t drive far in her native Singapore, a city-state about a quarter of the size of Rhode Island. 

But when she went to the showroom for the first time in six years and realized she’d have to shell out the price of an Aston Martin in most countries for a Toyota in the Asian financial hub, she thought again.

“When we went into the Toyota dealership, they were asking $260,000 for a hybrid,” she said, giving the price for the car and the permit that’s necessary to drive it in Singapore. “I mean, it’s not even a luxury car,” said the communications manager, 35.

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