Hamilton Scotts, one of the most lavish condos in Singapore.

I don’t know about you, but every time we park our car, a 23-year old 560SEL Mercedes, in the garage of our New York City apartment building, I get an eerie feeling. It’s like we are leaving an old friend who is defenseless to fend for himself. A few months ago, my worst fears came true when we discovered that someone took a key and scratched the entire driver’s side of the car. Our automobiles are among some of our most precious and expensive purchases, yet we are forced to park them in public places. We were very upset, but there was little we could do.

I was relating this story to a business friend the other day. He then told me about a new 30-story luxury apartment building in Singapore where billionaires park their Lamborghinis, Maseratis, and Ferraris in their living rooms. I had no idea what he was talking about, but my curiosity got the best of me so I went on a Google hunt to search for the answer. Sure enough, Google directed me to YouTube where several videos explained the entire story.

Apparently, Singapore is home to more luxury automobiles per capita than anywhere in the world. The problem is that they have no place to put them. Parking spaces are very limited in the city. Some very savvy condo developers came up with a solution. They built flats that cost anywhere from $6 million to $15 million that allow owners to activate a biometrically-controlled elevator (it reads fingerprints) that lifts their expensive automobiles from the ground floor right into their swanky living rooms, no matter what level they live on. The cars can practically have a seat at the dining room table. Some do. Watch the video.

All I have to say is that you may not want your mother-in-law living with you, but there is always room for a set of wheels.