How would you spend an extra million? In Singapore, there's a new option.
Ferrari launched its latest 488 GTB supercar - touted as the new "benchmark" for the luxury sports car sector - in the wealthy city-state on Wednesday.
Powered by a new 3902 cc turbo engine, the car goes from zero to 100 kilometers per hour in three seconds. But speed comes at a price - a hefty one, too. The 488 GTB, carries an eye-watering price tag of 995,000 Singapore dollars ($734,507), excluding the cost of a Certificate of Entitlement (COE) – the 10-year license that drivers must purchase to use a private vehicle in the country.