Hong Kong has more Ferrari than Singapore, 115 vs 45.

[Billcoke]

Motoring @ AsiaOne

http://motoring.asiaone.com/Motoring/News/...316-128643.html

1000th Ferrari in HK

It took the territory 45 years to mark the achievement - the new Ferrari is a new 612 Scaglietti 'One-to-One.'

Mon, Mar 16, 2009
AsiaOne

Hong Kong has took delivery of its 1000th Ferrari with a special ceremony in the Victoria Harbour.

It took the territory 45 years to mark the achievement - the first Ferrari was delivered in the 1960s to a Hong Kong customer.

This 1000th Ferrari is a new 612 Scaglietti 'One-to-One,' the flagship of the current Ferrari range.

The red rocket was presented to the Hong Kong owner on board a Chinese junk, 'Huan,' in the Victoria Harbour.

Ferrari delivered 115 cars to Hong Kong in 2008 and 1,089 cars across Asia-Pacific. In Singapore, 45 Ferraris were registered in 2008.

[Rickster]

Its also way cheaper to buy a ferrari in HK compared to SG

[Fcw75]

U got see their HK drama or not? Some shows using Lambo or Ferrari.

 

Singapore show got ever use a Lambo or Ferrari?

[Dh15]

Hmm...actually not surprising that they have more Ferrari over in HK considering their population is almost double ours. And they have more richie rich there.

[Rliewky]

Its also way cheaper to buy a ferrari in HK compared to SG

 

 

just curious, how much cheaper are we looking at?

[Papbest]

Its also way cheaper to buy a ferrari in HK compared to SG

 

 

Of course, HK people do not have to pay 7% GST to buy their cars and houses mah. 7% of S$ 1 million is an extra tax of S$70,000. Only idiots will pay this.

[Espire]

Hmm...actually not surprising that they have more Ferrari over in HK considering their population is almost double ours. And they have more richie rich there.

 

They also had actors and actress earning big money buying super cars also.

 

One of them is Aaron Kwok loh... his hobby is keeping super cars.

 

Our local celebrity, anyone got ferrari?

[Shull]

just curious, how much cheaper are we looking at?

 

their import tax structure is more or less similar to ours. Small cars is taxed at about 30% while bigger cars are taxed at 100+%. Petrol is also more expensive there, costing about SGD+2/lit for RON95, cos petrol tax makes up about 50% of pump price. Parking on HK and Kowloon area is also not cheap, considering the lack of space.

 

The only thing is, they have no COE. So, a mornal family saloon is cheaper than SG, but big gas guzzlers and supercars is about the same price..

 

for comparison, a Honda Stream 1.8 cost HKD186k(which is about SGD37k), while ours cost close to 70k..

[Schneider79]

just curious, how much cheaper are we looking at?

 

It's slightly half the price of the new car price in singapore.

Singapore has the ARF tax which is 100% of the OMV. Gahment says its easy money, "We don't need to forkout a single cent and we earn $190k in pocket for importing it into Singapore."

[Windwaver]

The population there is also larger leh

[Chrispie]

Hong KOng has the highest number of millionaires per square Kilometre in the world.

[Koren]

Though the difference in numbers, in total, Sg Govmt made more money from the taxes.. hahaha..

[Marcostan]

If buying expensive car, then it's not expensive here in Singapore.

 

Exampe:

 

Mercedes S350 in Hong Kong they are selling around S260K

 

Singapore the same S350 is cost u around S280K, dun forget we still have a PARF value and this

S350 can easily give u S$70-80K or even more.

 

So, this mean the Agent of HK Mercedes make a very very deep profit. Hong kong no COE and lower

import duty.

 

But it's very expensive to buy a normal family car in Singapore.

 

Example

 

Corolla Atlis in Hong Kong only cost u S$30K 1.5L 4AT

But in Singapore u need to pay more than S$50K.

 

 

[Vroomtattat]

Its also way cheaper to buy a ferrari in HK compared to SG

 

Yup, no COE.

[Blackandwhitebeefandpork]

U got see their HK drama or not? Some shows using Lambo or Ferrari.

 

Singapore show got ever use a Lambo or Ferrari?

 

LOL

[Muwrx]

does someone mention houses in hk are not expensive???

 

nobody over there is getting a loan of anything more than 4 years. yes the purchase prices seem to be cheaper, but the monthly maintenance fees are way higher. car parks can easily cost S$5 per hour. the notorious few cost $10 per hour!!!

 

one last concern: its almost a custom to pay for fine monthly as every single police officer can issue parking tickets and you will really dunno how you get hit unusually.

 

cheers!

Edited March 25, 2009 by Muwrx

[Shull]

does someone mention houses in hk are not expensive???

 

nobody over there is getting a loan of anything more than 4 years. yes the purchase prices seem to be cheaper, but the monthly maintenance fees are way higher. car parks can easily cost S$5 per hour. the notorious few cost $10 per hour!!!

 

one last concern: its almost a custom to pay for fine monthly as every single police officer can issue parking tickets and you will really dunno how you get hit unusually.

 

cheers!

 

there's a saying that houses in HK is 2 times smaller than SG, but 2 times more expensive..which is generally true..

 

the average 2-bedroom apartment on HK island, cost close to SGD5mil..

[Gary84]

dun mention those supercars....SG show dun even have Aston martin or Maserati

 

LOL