Key facts
- The cost of a Certificate of Entitlement (COE) in Singapore has reached a record high.
- COEs for small cars are now priced at US$99,700.
- This surge is driven by high demand and limited supply.
The cost of a Certificate of Entitlement (COE) in Singapore, a mandatory permit required to own and operate a vehicle, has surged to a record high. For small cars, the price has reached US$99,700. This significant increase is attributed to a combination of high demand for vehicle ownership and a limited supply of COEs available in the market. The COE system is designed to control the vehicle population in the densely populated city-state.