03-09-2024, 06:49 AM
"Car ownership in Singapore
Singapore has one of the lowest car ownership rates, among advanced economies, worldwide. In 2022, there were only 149 cars per thousand inhabitants here, a rate less than half that of the UAE or Taiwan, a quarter that of the United Kingdom and Switzerland, and six times less than New Zealand and the United States."
"COE prices hit a new high in October, following repeated new records set in prior months. The open category now changes hands at $152,000, more than five times the recommended retail price of a brand-new Honda Civic or Toyota Corolla sold elsewhere.
This is one of the major drivers of ever-rising pressure on our nation’s cost of living, and COEs were implicated in the most recent increase in headline inflation.""
Singapore has one of the lowest car ownership rates, among advanced economies, worldwide. In 2022, there were only 149 cars per thousand inhabitants here, a rate less than half that of the UAE or Taiwan, a quarter that of the United Kingdom and Switzerland, and six times less than New Zealand and the United States."
"COE prices hit a new high in October, following repeated new records set in prior months. The open category now changes hands at $152,000, more than five times the recommended retail price of a brand-new Honda Civic or Toyota Corolla sold elsewhere.
This is one of the major drivers of ever-rising pressure on our nation’s cost of living, and COEs were implicated in the most recent increase in headline inflation.""