Millennials and car ownership in Singapore: On alternative solutions like ride-sharing, car subscription services, and more
Buro 24/7 Singapore·2019-11-07 18:05
Let's address the elephant in the room: Millennials and the automotive industry. It's no secret that owning a car in today's climate in Singapore isn't the most affordable step to take, in lieu of the many hurdles an adulting millennial has to face. It certainly isn't the first big thing to save up for either — naturally if you're thinking of settling down — the wedding and BTO (Build To Order) proceedings would be matters of great urgency. Not to mention, they are behemoth expenses. Add to that, the zeitgeist of ride-hailing services, car rental services, additional train lines, and other luxuries (like travelling to colour our Instagram feed) that a huge chunk of our monthly paychecks are going into. In the grand scheme of things, even if you had money to blow, a car purchase wouldn't be at the top priority in your expenditure.
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