May 16, 2024

AndronETalksNews

AndronETalksNews

Drivers in Singapore now need to pay £88,000 for permission to own a car (vehicle not included)

Sky News

October 5, 2023

Drivers in Singapore now need to pay £88,000 for the right to own a car – and that doesn’t include the cost of the vehicle itself.

The city-state is the most expensive place in the world to be a motorist, with skyrocketing prices putting cars out of reach for most middle-class Singaporeans.

Back in 1990, a 10-year certificate of entitlement (COE) was launched to control the number of vehicles on the road, which is capped at about 950,000.

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