{"id":58969,"date":"2023-10-04T22:52:07","date_gmt":"2023-10-04T13:52:07","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2023\/oct\/04\/singapore-cost-car-certificate"},"modified":"2023-10-04T22:52:07","modified_gmt":"2023-10-04T13:52:07","slug":"certificate-to-own-car-in-singapore-rockets-to-106000","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=58969","title":{"rendered":"Certificate to own car in Singapore rockets to $106,000"},"content":{"rendered":"<p>Cost of \u2018certificate of entitlement\u2019, introduced in 1990 to control number of cars, now equivalent to four Toyota Camry Hybrids in US<\/p>\n<p>To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the US, as a post-pandemic recovery has driven up the cost of the country\u2019s vehicle quota system to all-time highs.<\/p>\n<p>Singapore has a 10-year \u201ccertificate of entitlement\u201d (COE) system, introduced in 1990, to control the number of vehicles in the small city-state, which is home to 5.9 million people and can be driven across in less than an hour.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2023\/oct\/04\/singapore-cost-car-certificate\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cost of \u2018certificate of entitlement\u2019, introduced in 1990 to control number of cars, now equivalent to four Toyota Camry Hybrids in USTo own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry &#8230;<\/p>\n","protected":false},"author":238,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,702,6,783,47,42],"tags":[],"class_list":["post-58969","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-automotive-industry","category-business","category-singapore","category-us-news","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58969"}],"version-history":[{"count":2,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58969\/revisions"}],"predecessor-version":[{"id":58971,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58969\/revisions\/58971"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}