CNN —Owning a car in Singapore, one of the world’s most expensive countries, has always been something of a luxury.
Those who want something bigger or flashier – like an SUV – will have to fork out $106,630 (146,002 Singapore dollars) for the Category B license – up from $102,900 (140,889 Singapore dollars).
It has put cars out of reach for the average resident of Singapore, where the median monthly household income in 2022 was $7,376 (10,099 Singapore dollars), according to the Department of Statistics.
Those who can’t afford a Certificate of Entitlement can also make use of Singapore’s extensive public transport system they point out.
Failing that, there is the option of getting a motorbike – permits for which are a relative snip at $7,930 (10,856 Singapore dollars).
Persons:
Ricky Goh, “, ”, Wong Hui Min, ” Wong
Organizations:
CNN, Transport Authority, Department of Statistics
Locations:
Singapore, Bangkok, Jakarta, Hanoi