this post was submitted on 01 Oct 2025
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Fuck Cars

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[–] ambitious_bones@lemmy.world 13 points 1 month ago (1 children)

[...]because owning a car in this city-state isn’t just about buying the vehicle. You also need to purchase a Certificate of Entitlement (COE)—essentially, a government-issued permit that gives you the right to own a car for ten years. And the current cost? Recent COE premiums for cars have exceeded S$120,000 (≈€82,000).¹ Add the car itself, and suddenly a basic sedan can set you back well over €100,000.

[–] A_norny_mousse@feddit.org 6 points 1 month ago* (last edited 1 month ago) (2 children)

Damn, that's almost € 7 000 per month - I don't even earn that much before taxes.

In a city state like Singapore it's the perfect way to finance public transport.

edit: oops, 700. Thanks gloog.

[–] gloog@fedia.io 6 points 1 month ago (1 children)

That says it's for 10 years, so "only" 1/10th of that each month. Still very much a thing only businesses and very well off people can realistically afford though.

[–] A_norny_mousse@feddit.org 3 points 1 month ago
[–] cmrss2@aussie.zone 4 points 1 month ago* (last edited 1 month ago)

for ten years

That’s still ~ €700/month