I won't complain about renewing my Licence again.
The cost to own a car in Singapore, one of the world’s most expensive cities, has skyrocketed and now costs drivers a minimum of almost $120,000.
The city-state’s 10-year Certificate of Entitlement, a licence people must purchase before they’re allowed to buy a vehicle, has hit an all-time high.
The licence now costs a record $119,600 (104,000 Singapore dollars) just for the basic option — more than four times what it cost in 2020, according to figures from Singapore’s Land Transport Authority.
The eye-watering price only buys the right to purchase an ordinary, Category A car, with a small to medium sized engine of 1600cc or below — a Toyota Corolla, for example.
If a resident wants something bigger, like an SUV, they’ll to fork out $167,900 (146,000 Singapore dollars) for the Category B licence group.
The cost to own a car in Singapore, one of the world’s most expensive cities, has skyrocketed and now costs drivers a minimum of almost $120,000.
The city-state’s 10-year Certificate of Entitlement, a licence people must purchase before they’re allowed to buy a vehicle, has hit an all-time high.
The licence now costs a record $119,600 (104,000 Singapore dollars) just for the basic option — more than four times what it cost in 2020, according to figures from Singapore’s Land Transport Authority.
The eye-watering price only buys the right to purchase an ordinary, Category A car, with a small to medium sized engine of 1600cc or below — a Toyota Corolla, for example.
If a resident wants something bigger, like an SUV, they’ll to fork out $167,900 (146,000 Singapore dollars) for the Category B licence group.
