I said I never needed a car there :) I can get anywhere by cab in like < 30 mins so I never saw the need to have one. However there are plenty of ultra rich people living there and also many driving luxury cars. It's also a status symbol there(Credit card/Condo/Car).

Condos are for the middle class. Landed property is the status symbol (but, alas, it doesn't start with a C.)

Btw, the cab obviously need to bid for CoE as well.