Buying a car in Singapore might be a lifetime achievement, but not for the reasons you might think

Why Buying a Car Is About to Get (Even) Tougher in Singapore

Anyone in Singapore thinking about buying a car might want to do so in the next few months. With a population that has soared almost 40 percent since 2000, and with an estimated 12 percent of the city state’s land area already taken up by roads, officials have decided to cut the growth rate of vehicles to zero from February, Reuters reports.

“Singapore requires car owners to buy permits – called Certificates of Entitlement – that allow holders to own their vehicles for 10 years. These permits are limited in supply and auctioned monthly by the government. At the most recent offering last week, the permit cost S$41,617 (US$30,563) for the smallest vehicles.”

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