I think the engine's flooded: Supercars costing millions wrecked by flash flood in underground car park of world's most exclusive apartment block
Last updated at 11:38 AM on 10th June 2011
Paying exorbitant prices for supercars may be a drop in the ocean for multi-millionaires, but they could do without their luxury motors being flooded - in their own underground car park.
This was the devastating scene after millions of pounds worth of exotic motors were wrecked when a flash flood hit the basement of one of the world's most exclusive apartment blocks.
The St Regis Apartments on Singapore's coastline cost up to £10million and the car park is packed with luxury motors.
Washed up: A Lamborghini and Ferrari worth £550,000 in the flooded underground car park of an exclusive apartment block in Singapore
Submerged: Millions of pounds worth of exotic supercars were damaged when the warning system in the underground car park failed to alert residents to the flood
But the mega-rich residents are counting the cost after a warning system failed to alert them to potential flooding.
As a result a dozen supercars were submerged up to their wheel arches - including a yellow Ferrari 458 Italia and green Lamborghini Gallardo parked next to each other.
The owners have to pay huge taxes on imported luxury cars in Singapore, with the models costing significantly more than they would in the UK.
As a result both the Lamborghini and Ferrari cost more than £550,000 each while a Rolls-Royce Phantom parked near them is a staggering £885,000 - £500,000 MORE than in the UK.
Exclusive: The St Regis apartments in Singapore which cost up to £10 million
A £450,000 Aston Martin V12 Vantage and £250,000 Porsche 911 were also victims of the flood, which caused major damage a nearby shopping centre in Singapore's commercial hub.
It is estimated the cost of repairing the vehicles will run into hundreds of thousands if water has made its way into the interiors or affected the electrics.
Tommy Wareham, from prestige car dealer SuperVettura, said: 'If the dirty flood water has managed to get inside the cars it could deform and stain the interior which would be very costly to replace.
'The biggest fear is that some of the motorists may have tried to have started their cars which could suck water into the engine.
'I'd recommend the owners have a water inspection which could be a long, painstaking and possibly expensive job.
'These certainly aren't the sort of pictures insurance companies want to see!'
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