Singapore is Top Buyer of Luxury Cars in Southeast Asia

Singapore topped in Southeast Asia’s luxury car sales for 2006, according to data published in Singapore’s Business Times.

Despite a population of only 4.4 million people, a record 29 Lamborghinis were sold in the city state, up 53 percent from 2005.

“This year has the highest sale we ever had because of the economy and two new models,” Rocco Basta, regional manager of Automobili Lamborghini, was quoted as saying.

He was referring to the Gallardo Spyder, with a price tag of 838,000 Singapore dollars ($540,000) and the limited edition Murcielago LP640 at 1.18 million Singapore dollars.

Colin Kelly, Rolls-Royce Motor Cars regional director, said buyers in Singapore were influenced by the vibrant economy.

“It is the feel-good factor,” he told the newspaper. “In times when the economy is vibrant, the very wealthy people that buy our cars feel more comfortable.”

Porsche saw a huge jump with sales of 170 this year, a 35 percent hike over 2005.

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