Cars may be depreciating assets in Singapore and are generally regarded as a poor investment from a financial standpoint, but Singlife founder and group chief executive Walter de Oude considers his car – a 2005 Aston Martin DB9 – a great investment.

The 47-year-old South African native, who became a Singapore permanent resident in 2008, thinks that older cars in Singapore are good investments because they do not depreciate in value as much, are not as expensive to maintain as many would think and can always be resold or exported.