UPDATED (17 May: Age of Japanese crash victim corrected to 41)
A video of the horrific accident involving a Ferrari which killed three people has been posted on YouTube.
The 29-second video, which was uploaded on Monday by a user called TheMockymocky, clearly shows the exact moment the Ferrari smashes head-on into the side of the taxi at the junction of Rochor Road and Victoria Street in the early hours of Saturday morning.
The video clip, which has so far been viewed 300 times, was shot from the video camera from a fellow cab driver who was just a mere two car lengths behind the taxi that was hit as it slowly moved off after the traffic light turned green.
The second cabby can be heard muttering "Wah, wah, wah" seconds after the collision which happened at exactly 4:09am as shown in the recording. Other passengers in the cab can also be heard expressing shock.
Watch the shocking video.
The Ferrari driver was killed on the spot while the first taxi driver and his passenger both later died in hospital.
The sports car driver has been identified as 31-year-old Chinese businessman Ma Chi, a financial investor from Sichuan who had relocated to Singapore and with this wife and child four years ago.
The taxi driver, Cheng Teck Hock, 52 died in Tan Tock Seng Hospital on Sunday evening after his heart stopped.
His passenger has been identified as Shigemi Ito, a 41-year-old Japanese woman who is believed to be living and working in Singapore.
Another two people -- 26-year-old motorcyclist Muhammad Najib Ghazali and a 20-something female passenger in the Ferrari were also injured.