Owning a Car in Singapore: The High Costs and Challenges<br />In Singapore, owning a car is a luxury that comes with a hefty price tag.<br />The cost of a 10-year Certificate of Entitlement, which is required before buying a vehicle, has skyrocketed to a record minimum of $76,000.<br />And that's just for the right to purchase a standard Category A car with a small to medium-sized engine.<br />If you want something bigger or flashier, like an SUV, you'll have to shell out $106,630.<br />These costs are on top of the already expensive vehicles themselves.<br />The quota system, implemented in 1990 to reduce traffic and emissions, has made cars unaffordable for the average Singaporean.<br />With a median monthly household income of $7,376, buying a car becomes a distant dream.<br />Ricky Goh, a local car dealer, expressed his concern about the price increase, saying it will be even worse for business.<br />Wong Hui Min, a mother of two, shared her dilemma of relying on her car for her family's needs but questioning if she can afford to keep it in the long run.<br />Supporters of the quota system argue that it has helped Singapore avoid the congestion seen in other Southeast Asian capitals.<br />They also point out the extensive public transport system available to those who can't afford a car.<br />Alternatively, motorbikes are a more affordable option, with permits costing $7,930.<br />Owning a car in Singapore is a costly endeavor, with prices reaching all-time highs.<br />The quota system and rising costs of living have made it increasingly difficult for Singaporeans to afford a car.<br />While the system has its benefits, it also presents challenges for those who rely on their cars for daily activities.<br />#latestnews #news #cnn
