News of NParks purchasing 26 Brompton folding bikes at $2200 each has sparked an online furor. I'm shocked at the price of the folding bike when i first came across it. Besides the price the other controversy is only 1 bid submitted which as we know govt bids require at least 3 bids.
Netizens question NParks if is prudent to use taxpayers $ to buy such an expensive bicycle to patrol the park connector network. I'm worried about bike thefts since my previous road bike was stolen. Now that news of NParks bought expensive bicycles, more non-bikers know the price of those bikes making them even more vulnerable to thefts.
Personally i find it hard to stomach spending savings of $2200 for this Brompton folding bike. I'll be missing 5% dividends/year & an easily achieveable 15% in capital gains should the $2200 be invested during recessions. When buying stuff using profits from investment it is not as heartaching.
With much of S'pore workforce having their wages stagnant & depressed by foreign labor in a high-cost of living country like S'pore, buying this $2200 folding bike is out reach of many. It is also a reason for the furor online.