Anyway, I am in the market to replace an old car and went to see Audi A4 and Jaguar XF at the showrooms today. Well, I can only say the price has come down but is still higher than when i bought my mercs in 2009. Probably a good $40k higher(as compared to the prices of Audi and XF then).
An interesting thing about everyone's lapping it up. Why? Well, I went to the Audi showroom and there is no fewer than 3 CHINA couple looking at it. I think I was the only singaporean buyer at that time. But can you imagine how much RICH FOREIGN people there are in Singapore. Overheard one of the CHINA husband on the phone talking looking at cluster-landed housing and met him on my way to the carpark and he was driving a brand new Mercs R-class, so he probably was buying for his wife? Overheard another China couple talking and they were telling the salesman they are looking for a WEEKEND CAR! wow.. i've heard of weekend homes, but they are in the market for a weekend car.
Probably will head down to Corals@Keppel to look at the showflat and see how many CHINA couple I can find there. Yes.. my nick name is "顺风耳".. hehe..
I am getting more and more convinced we are truly becoming the Financial Hub of Asia, the Monaco of Asia and the epicenter of ASIA.. where the HOT MONEY FLOWS.... Things will only get more expensive. No doubt about it. Please don't hope for any major correction in housing prices or car prices if there is no major recession to scare people. But Corrections in Stock Market definitely will happen!
And finally, this is funny as hell . You just looked at the reaction of these multi-millions actor/actresses.