In Singapore, a certificate to own a car now costs $106,000
SINGAPORE — To 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 U.S., as a post-pandemic recovery has driven up the cost of the city-state’s vehicle quota system to all-time highs. Singapore has a 10-year “certificate of entitlement” (COE) system,
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