Taxis are generally plentiful and cheap compared to many other countries. This would probably be the transport of choice for most single professionals living close to the city centre. Sometimes it can be difficult to get one during peak hours, and extra charges apply for calling one and during peak hours.
Owning a private car is expensive relative to many other countries and is not really necessary in Singapore. Most people would save money by using taxi rather than owning a car. However, owning a car gives you freedom to move around - and popping to Malaysia every now and then to have a round of golf might be a big enough reason to get one.
Traffic conditions are generally good in Singapore. But be aware of all the charges that you have to pay when owning a car:
Purchase price – Cars are probably one of the most expensive in the world to buy in Singapore due to import duties and Certificate of Entitlement (COE – a permission to own a car for 10 years, after which it has to be renewed).
Road tax – depending on the size of the engine, you need to pay road tax every year. This can vary from a few hundred for a small car to thousands for an SUV.
Electronic Road Pricing (ERP) – during peak hours you have to pay fees (S$0.50 to a few dollars) to enter through certain roads and areas (mostly in central area). ERP locations can be found at
Parking – parking may or may not be offered for free at your office. Especially, in CBD it can be quite expensive. Also, typically you would have to pay for parking in most locations when out in town. Condominiums usually have parking included in the maintenance fee (which is paid by the landlord).
Petrol – it may come as a surprise, but petrol is probably the smallest component of you car ownership costs. It is currently around S$1.80 / litre.
You will also need to convert your driver's license into Singaporean once within a year. This is relatively straightforward process, but will require you to sit the basic theory test. The road traffic in Singapore is on the left side of the road (as in UK and Malaysia).