WNA Globe

World News by Wild Rose

#Car permit ร—

It costs a record US$99,700 to buy a small car permit in Singapore

The right to own a small car in Singapore climbed to a record high of S$129,000 ($99,700), with analysts saying premiums could rise further as rebates for electric vehicles come to an end. The price of a Category A certificate of entitlement (COE) meant for smaller cars and EVs advanced by 4.2 per cent in Wednesdayโ€™s bidding exercise from the previous round on June 17. Premiums for larger and more powerful cars in Category B jumped 6 per cent to S$130,889. The surge in premiums comes ahead of...