Singapore Hits Record High for Compact Car Permits, Topping $100,000

Singapore has shattered its own record for the cost of owning a small car. Residents now face nearly $100,000 (roughly 8 million rubles) just for the permit to drive a compact vehicle with an engine under 1.6 liters, according to Reuters.

1 million people, keeps traffic under control through a unique auction system. Every two weeks, the government releases a fixed number of certificates that grant the right to use a car for ten years. This approach holds the total vehicle fleet at around one million units, meaning you can cross the entire country in under an hour.

The latest price spike for compact car permits is four times higher than pre-pandemic levels. In May, the transport minister blamed the frenzy on surging interest in electric vehicles and a simultaneous cut in quotas for smaller models.

S. market. In Singapore itself, the same Corolla, factoring in the permit, registration fees, and taxes, runs about $139,000 (over 10 million rubles). 7 million rubles a year, and a subsidized government apartment starts at around 9 million rubles.

In other news, starting July 1, Virginia judges can now order repeat speeders to install smart speed limiters instead of suspending their driver’s licenses.