Singapore has a 10-year 'certificate of entitlement' system to control the number of vehicles in the small country, which is home to 5.9 million people and can be driven across in less than an hour.
The small country has a certificate program to control the number of vehiclesSINGAPORE — To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to fourin 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.
, with the COE for a large car more than quadrupling from 2020 prices on Wednesday to a record S$146,002 .
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