Singaporeans Become Uber Drivers to Get Around High Car Prices
- Car-riding apps changing consumers’ behaviour in city-state
- Rental cars on Singapore roads soar more than 50 percent
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In one of the most expensive countries in the world to own a car, Peter Chiu is finding a novel way to pay for one.
The 58-year-old retired policeman rents a car in Singapore, drives three to four hours a day for Uber Technologies Inc. to cover its cost, and has a shiny Honda Vezel the rest of the time for his personal use. Hiring a vehicle to work for Uber is becoming a more common sight in the city-state, where Chiu’s SUV costs more than a BMW M3 luxury sports sedan does in New York.