via CNN:
“Owning a car in Singapore, one of the world’s most expensive countries, has always been something of a luxury. But costs have now soared to an all time high.
A 10-year Certificate of Entitlement – a license people in the wealthy city state must purchase before they are even allowed to buy a vehicle – now costs a record minimum of $76,000 (104,000 Singapore dollars), more than four times what it did in 2020, according to Land Transport Authority figures.
And that just buys the right to purchase a standard Category A car, with a small to medium-sized engine of 1,600cc or below.
Those who want something bigger or flashier – like an SUV – will have to fork out $106,630 (146,002 Singapore dollars) for the Category B license – up from $102,900 (140,889 Singapore dollars).
Then there are the costs of the vehicle itself to think about.”