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SINGAPORE : The bleak economic picture certainly does not appear to be affecting high-end Formula 1 hospitality packages.

Sixty per cent or some 2,400 of the most expensive corporate suite packages at the Paddock Club - costing some S$8,000 each - have been sold.

For that price, F1 fans will get suites directly above the team garages, access to the Pit area, gourmet meals and more.

According to race promoter Singapore GP, limited suites in prime viewing locations continue to sell well.

Of the 160 Sky and Club suites available, 40 per cent have been sold since tickets were released on February 6.

The new lower-priced entry level "Green Room", which is a single-level suite overlooking Turn 3, is also popular with companies looking to maximise budgets.

General admission tickets will be available from end-March.