The surge in premiums comes ahead of the December 31 expiry of incentives given by the government to encourage EV adoption.

The COE premium for Category C, which includes goods vehicles and buses, also hit a record of S$95,000.

Singapore car buyers now face nearly $100,000 for ownership certificates. Certificate prices for small vehicles have quadrupled since pre-pandemic times. This makes Singapore the…

Owning even a small car in Singapore has become costlier than ever before

Singapur kann mit dem Auto in weniger als einer Stunde durchquert werden. Um die Zahl der Fahrzeuge auf seinen Straßen zu steuern, hat der Stadtstaat ein Lizenzsystem eingeführt.…

SINGAPORE: Car buyers in Singapore will now need to fork out almost $100,000 for a certificate to own a small car, as costs in the city-state’s vehicle quota system hit an…

The surge in premiums comes ahead of the December 31 expiry of incentives given by the government to encourage EV adoption.

The price of a “certificate for entitlement” for a small vehicle rose to nearly $100,000 in the latest round of bidding.