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

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1970-01-01 08:00

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...