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Cut-price Aston Martins on offer for expats in Singapore

Providing services to expatriates in locations such as Singapore is big business and one company is offering discounts on sports cars to those who opt to buy apartments from it.

The developers of the V on Shenton accommodation, right in the heart of the city, is offering reductions on Aston Martin cars for anyone who purchases a three-bedroom apartment or penthouse in the complex, reports the Telegraph.

Homebuyers can choose from six different models from the marque, which was made famous by the James Bond franchise. The options include the V12 Vantage S and Vanquish, which have only just been launched onto the market.

Cars are subject to a heavy tax in Singapore, making the original price for a V12 Vantage close to £480,000, as opposed to the £140,000 charged in the UK.

Strict rules on the discount allowed to be offered due to property sales have been put in place by the Singaporean government, but it is thought the reductions will be linked to the size of the apartment bought.

There are a total of 510 units available at the V on Shenton site, with three-bedroom flats starting at £1.42 million and penthouses costing up to £4.8 million.

The partnership between the developer and the car manufacturer has been negotiated to coincide with the 20th anniversary of Aston Martin in Singapore.

Expats arranging to view the apartments are being invited to test drive one of the vehicles around the financial district to get a full picture of the lifestyle on offer.

Nina Lim, a spokeswoman for Aston Martin, said that so far the tie-in has proved successful and that British expats can often be found in the dealership. She told the news provider: "They appreciate the beauty and craftsmanship of this heritage brand."

Expats buying apartments in Singapore are not subject to restrictions, but those wishing to purchase detached, semi-detached or terraced houses need to have permanent resident status and approval from the Singapore Land Authority.

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