Singapore, the Most Expensive Place to own a Car

To discourage Singapore residents from owning a car, Singapore government imposed a series of measures like Certificate of Entitlement, Electronic Road Pricing and parking fees. 
Before you can own a new car, you need to purchase Certificate of Entitlement which gives you the right to own a car (a piece of paper). This year February, for Catergory A (Cars up to 1600cc and 130 bhp), the COE costs $76,109.00. 

Electronic Road Pricing (ERP) gantry

CAT A     Cars up to 1600cc and 130bhp [View Past CAT A Results]  Quota Premium Change Prevailing Quota Premium Quota Bids Received $71,564  $726 $76,109 362 719

CAT B     Cars above 1600cc or 130bhp [View Past CAT B Results]  Quota Premium Change Prevailing Quota Premium Quota Bids Received $75,300  $3,700 $82,333 360 523

CAT C     Goods Vehicle & Bus [View Past CAT C Results]  Quota Premium Change Prevailing Quota Premium Quota Bids Received $51,002  $1,001 $58,989 267 364

CAT E     Open [View Past CAT E Results]  Quota Premium Change Prevailing Quota Premium Quota Bids Received $77,003  $1,807 - 208 351

                COE RESULTS  2014 Feb 2014, 1st Tender ( FromSgcarmart)

                        Hollywood Stars shocked by Singapore car prices.