The small country has a certificate program to control the number of vehiclesSINGAPORE — To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to fourin the U.S., as a post-pandemic recovery has driven up the cost of the city-state's vehicle quota system to all-time highs.
, with the COE for a large car more than quadrupling from 2020 prices on Wednesday to a record S$146,002 .
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