JOHOR BARU, July 11 -- A new Johor-based business is giving Singaporeans the chance to own and store performance and luxury cars in Malaysia, minus the republic's sky-high costs and ownership restrictions.

Carlogy Malaysia Sdn Bhd, which brands itself as a one-stop automotive lifestyle hub, is quickly becoming a hit among car enthusiasts from across the Causeway.

While the service is open to Malaysians, co-founder Heeraj Sharma said the concept was inspired by increasing interest from his fellow Singaporeans.

"I looked into this and found out that foreign-ownership of vehicles in Malaysia was legal and it was possible for Singaporeans to buy, provided the cars are not driven into Singapore.

"So, this gave me an idea for offering such ...