Dear MEL Topic Readers,
In this city, the right to own a car starts at $76,000. And that doesn’t include the car
Singapore lies on the southern tip of the Maly Peninsula with the main island and numerous smaller islands. The land space of the city-state is just over 700 km² for 5.7 residents., approximately 8,600 people per square kilometer, the world’s second most densely populated country only after Monaco. Its GDP per capita is $77,846, the second wealthiest country in the world after Luxemburg. Singapore’s public transport system is one of the most efficient and reliable in the world, consisting of a network of Mass Rapid Transit (MRT) lines, Light Rail Transit (LRT) lines, and buses that connect all parts of the island, which allows residents and visitors to move around without driving a car. Indeed, for a space-scarce place like Singapore, roads and parking lots for cars are a total waste of the limited land space. So, the city-state discourages people from owning a vehicle with an extremely expensive certificate of entitlement, which now costs as much as $76,000 for an economy car and over $100,000 for an SUV. Then you’ll need to buy a car with heavy taxes, and pay $2.00 for every liter of gasoline you pump in and hefty parking fees. Remember, the rent in Singapore is also the highest in the world. How would you manage to live in the tiny but prosperous tropical city-state?
Read the article to learn about what it’s like to own a car in Singapore.
https://edition.cnn.com/2023/10/05/asia/singapore-most-expensive-car-license-intl-hnk/index.html
In this city, the right to own a car starts at $76,000. And that doesn’t include the car
Singapore lies on the southern tip of the Maly Peninsula with the main island and numerous smaller islands. The land space of the city-state is just over 700 km² for 5.7 residents., approximately 8,600 people per square kilometer, the world’s second most densely populated country only after Monaco. Its GDP per capita is $77,846, the second wealthiest country in the world after Luxemburg. Singapore’s public transport system is one of the most efficient and reliable in the world, consisting of a network of Mass Rapid Transit (MRT) lines, Light Rail Transit (LRT) lines, and buses that connect all parts of the island, which allows residents and visitors to move around without driving a car. Indeed, for a space-scarce place like Singapore, roads and parking lots for cars are a total waste of the limited land space. So, the city-state discourages people from owning a vehicle with an extremely expensive certificate of entitlement, which now costs as much as $76,000 for an economy car and over $100,000 for an SUV. Then you’ll need to buy a car with heavy taxes, and pay $2.00 for every liter of gasoline you pump in and hefty parking fees. Remember, the rent in Singapore is also the highest in the world. How would you manage to live in the tiny but prosperous tropical city-state?
Read the article to learn about what it’s like to own a car in Singapore.
https://edition.cnn.com/2023/10/05/asia/singapore-most-expensive-car-license-intl-hnk/index.html
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