UPDATED (15 May, 915am, adding detail on identity of taxi passenger)
The Japanese woman who died in a horrific accident involving a Ferrari on Saturday has been identified as Shigemi Ito.
According to the Straits Times, Ito was in her 20s and believed to be living and working in Singapore. Her wake is being held at funeral parlour in Sin Ming Drive.
She is one of the three people killed in the three-vehicle accident at the junction off Raffles Hospital in Bugis.
The two other casuaThe Japanese woman killed in the crash has been identified as Shigemi Ito.lties are 52-year-old Cheng Teck Hock, the taxi driver, and the Ferrari driver Ma Chi.
[See camera footage of the accident here that's going viral on Facebook]
Chan, a father of three, had sustained a severe brain haemorrhage and died in the intensive care unit of Tan Tock Seng Hospital at about 7pm on Sunday, reported the Straits Times.
Another two people -- 26-year-old motorcyclist Muhammad Najib Ghazali and a 20-something female passenger in the Ferrari were also injured.
A spokesperson from the Singapore Civil Defence Force said they received a call at 4:17am notifying them of the accident, which involved a red Ferrari, a motorbike and a taxi.
The Ferrari driver has been identified as 31-year-old Chinese businessman Ma Chi, who was pronounced dead on the scene.
The Sunday Times reported that Ma is a financial investor from Sichuan, China and relocated to Singapore and with this wife and child four years ago.
According to a family friend, the paper reported he was said to be applying for permanent residency here. He and his family live in a penthouse in the East Coast and his wife is expecting a second child.
According to Shin Min Daily News, witnesses say that the Ferrari crashed into a taxi when it ran a red light, causing the taxi to hit a passing motorcycle.
Ma's family members were reported to have been spotted at the mortuary on the same morning. His mother was said to be extremely distraught.
In the last 12 days, six accidents had occurred at the same spot, reported the Shin Min Daily News.