Cost of Certificate of Entitlement rises to record high in Singapore
epa10901089 Vehicles on the road in the Central Business District (CBD) of Singapore, 05 October 2023. The cost of a certificate to own a car in Singapore, known as the Certificate of Entitlement (COE), has rose to a record high of S$146,002 (101,282 euros) in the open bidding exercise on 04 October, according to the Land Transport Authority (LTA). The COE system was introduced in 1990 to counter congestion on the roads where potential car owners must bid for a certificate for the right to own a vehicle for a period of ten years. EPA/HOW HWEE YOUNG
