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

2023-10-05 12:51

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

The cost of a certificate to own a family car in Singapore has jumped to a fresh record high of S$146,002 ($106,619; £87,684).

The city-state introduced the 10-year certificate of entitlement (COE) system in 1990 as an anti-congestion measure.

Prospective car owners in Singapore must have...