In Singapore, a certificate to own a car now costs $106,000

Cost of car ownership soars in Singapore

The city-state introduced a 10-year certificate of entitlement system in 1990 as an anti-congestion measure.

Post-pandemic recovery drives up car ownership costs in Singapore

In Singapore, owning a car requires prospective buyers to participate in a bidding process for a "certificate of entitlement" (COE), a system that has reached record-high costs.

Singapore's 'Certificate of Entitlement' to own car now costs over $106,000, or more than two cars

Singapore's vehicle quota system is running at an all-time high, following which, to own a car in the city-country, a buyer must bid for a certificate that now costs US$106,000 (over ₹88 lakh). Singapore has a 10-year "certificate of entitlement" (COE) system, introduced in 1990, to control the number of vehicles in the small country.  The city-country is home to nearly 6 million people.  Singapore's expensive city status elevated by COE syste

In Singapore, you need this certificate to own a car which costs a whooping…

Singapore has a 10-year “certificate of entitlement” system which was introduced in 1990 with the aim to control the number of vehicles in the small country.

Certificate to own car in Singapore rockets to $106,000

Cost of ‘certificate of entitlement’, introduced in 1990 to control number of cars, now equivalent to four Toyota Camry Hybrids in USTo own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the US, as a post-pandemic recovery has driven up the cost of the country’s vehicle quota system to all-time highs.Singapore has a 10-year “certificate of entitlement” (COE) system, intr…

Owning A Car In Singapore Costs $106,000, And That Doesn't Include The Car

Here in the United States, car ownership is encouraged through tax incentives and near-mandated by a lack of public transit infrastructure — having a car is cheap, and not having one is just about impossible in much of the country. But in much of the rest of the world, this is reversed: Cars are a luxury, and transit…Read more...