It seems like everyone is in a rush to get places. When you drive on the road at the speed limit, there will be a car tailgating you within a minute.
Certificate of Entitlement (COE) gives you the right to own and use a vehicle in Singapore. And yes, money can buy your right to the entitlement for 10 years.
How much does it cost?
Well, it changes twice a month.
In Oct 2023, the right to own a 1,600cc or 130bhp, or 110kW car is S$146,002 or US$106,899. Yup, you got it right, this is excluding the vehicle price which already has one of the highest prices in the world.
The new 2023 Toyota Prius Hybrid from a parallel importer would cost S$210,000, and you can drive it in Singapore for 10 years.
So, what can you do with the US$106,899, if you were to live in the US?
Perhaps a Japanese car? Lexus LC500 at US$92,500?
A base model Porsche 911 for US$98,000?
