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14-12-2010, 07:11 PM
Very lucky young adults! 
36-year old lawyer definitely can afford a nice set of wheels. Do you know how much they charge for their professional fees? 
Father splurges on nice wheels for 23-year-old daughter
Out of the gloom of 2008, a new tribe of big spenders has emerged in 2010. They are young, well-travelled and ready to splurge. -TNP
Tue, Dec 14, 2010
The New Paper
By Zaihan Mohamed Yusof
SHE loves shopping and she adores European brands.
From Chanel to Dior, Ms Cheryl Tay likes to splurge her hard-earned $2,500 monthly income on haute couture.
When the 23-year-old banking and finance undergraduate has a date with her friends, she zooms around in a two-door Mercedes-Benz CLK 280 - a gift from her father early this year - which costs about $220,000.
Though thankful of the gift, Ms Tay said she does not receive any allowance from her parents, preferring instead to maintain her lifestyle through her own means.
She works part time in the food and beverage industry.
Sure, cars here may be the priciest anywhere in the world, and usage including parking and fuel isn't cheap, but people are splurging on nice wheels.
Lawyer Soh Chu Bin, 36, bought a BMW M3 for about $370,000 two weeks ago.
Mr Soh says of his 4-litre car: "I have always wanted one (the M3). It's a performance car built for serious drivers. It clocks 4.6 secs doing 0 to 100kmh."
That means he makes it to the next set of lights in record time.
Pricey? In the luxury car trade, clients are paying anything from $200,000 for a car. European marques are proving popular.
At the end of August this year, Volkswagen (VW) was ranked fourth, overtaking brands like Honda, Kia and Hyundai.
Audi, in 13th spot last year, is now at the eighth spot with sales of 1,447 units - an increase of 30 per cent over the same period last year.
The top three positions, traditionally held by mass-market brands like Toyota, Honda and Hyundai, are no longer secure.
Creeping close to pole position are luxury marques Mercedes-Benz and BMW, now second and third respectively in overall ranking.
As of August, they posted sales of 3,075 and 3,024 units respectively - a big leap from Mercedes' fifth and BMW's seventh places last year.
36-year old lawyer definitely can afford a nice set of wheels. Do you know how much they charge for their professional fees? Father splurges on nice wheels for 23-year-old daughter
Out of the gloom of 2008, a new tribe of big spenders has emerged in 2010. They are young, well-travelled and ready to splurge. -TNP
Tue, Dec 14, 2010
The New Paper
By Zaihan Mohamed Yusof
SHE loves shopping and she adores European brands.
From Chanel to Dior, Ms Cheryl Tay likes to splurge her hard-earned $2,500 monthly income on haute couture.
When the 23-year-old banking and finance undergraduate has a date with her friends, she zooms around in a two-door Mercedes-Benz CLK 280 - a gift from her father early this year - which costs about $220,000.
Though thankful of the gift, Ms Tay said she does not receive any allowance from her parents, preferring instead to maintain her lifestyle through her own means.
She works part time in the food and beverage industry.
Sure, cars here may be the priciest anywhere in the world, and usage including parking and fuel isn't cheap, but people are splurging on nice wheels.
Lawyer Soh Chu Bin, 36, bought a BMW M3 for about $370,000 two weeks ago.
Mr Soh says of his 4-litre car: "I have always wanted one (the M3). It's a performance car built for serious drivers. It clocks 4.6 secs doing 0 to 100kmh."
That means he makes it to the next set of lights in record time.
Pricey? In the luxury car trade, clients are paying anything from $200,000 for a car. European marques are proving popular.
At the end of August this year, Volkswagen (VW) was ranked fourth, overtaking brands like Honda, Kia and Hyundai.
Audi, in 13th spot last year, is now at the eighth spot with sales of 1,447 units - an increase of 30 per cent over the same period last year.
The top three positions, traditionally held by mass-market brands like Toyota, Honda and Hyundai, are no longer secure.
Creeping close to pole position are luxury marques Mercedes-Benz and BMW, now second and third respectively in overall ranking.
As of August, they posted sales of 3,075 and 3,024 units respectively - a big leap from Mercedes' fifth and BMW's seventh places last year.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
Very sustainable imho.
