According to Carscoops, this example is a 1955 T1 model and is said to be the 212th unit out of the 1,700 units ever produced. The car was also sold with an engine from the same era that was "supposedly overhauled, but never installed”. We guessed that probably also meant that more money might be needed to get it working. To add on to the fun (or pain, depending on how you view this purchase), all the new (or refurbished) body panels needed for it can be found for under $20,000 (S$28,000)
That said, the Porsche 356 A Speedster is still one of the most valuable vintage Porsches ever and prices for a well preserved example can go up to $250,000 (S$349,000). So if the new owner of this particular unit manages to restore it, it might actually turn out to be a worthwhile investment.