The Joys of car ownership in SG

Dear Ladies and Gentlemen,

Before I could proceed any further, I would like to reiterate that I not a Greenpeace activist, True Blue Treehugger or someone paid by SMRT to promote public transportation; But in fact I am car nut who loves cars and would spend a fortune to keep my 'ride' in a almost showroom condition.

But in the context of our great city state, In my humble opinion, a private car, which a mode personal transportation which is supposed to shorten travel time and provide more comfort and convenience to its users, doesn't seem to fit its purpose.
Allow me to state my point;
1. Cars in SG are generally overpriced and are under specced, compared to other developed countries, in order to create an illusion that cars in SG are afforable to public. But in fact, most car buyers take a HP loan of between 7-10 years to pay for their 'affordable' rides. (p.s. I am talking about bread and butter saloons used by lower to middle class people)

2.Prohibitive hidden cost of using a private car in SG; I.E ERP charges, HDB parking charges, Vicom Emission test (for vehicles that are more than 5 years old), maintenance cost, road tax and also insurance (lets not get into accidents to keep it simple)

3.The '24 points' in a SG drivers license, so guys and gals be careful in safeguarding your points, as you could lose it real quick and you would need to redo your driver's test; and also SG trafiic police

4. The prohibitive cost of getting a license

5. The mind-boggling, procedures and nomenclature nightmare in selling and buying a car in SG.

6. Traffic jams and too many traffic lights causing never ending stop-start trafiic and finally;

7. Singapore's famous efficient public transportation system, which gets you where you want to go, on time, and at fraction of the cost!

Hence, I ask you, Is it worth having a car in Singapore??