It costs a record US$99,700 to buy a small car permit in Singapore

The price of a small car permit in Singapore reached a record S$129,000 ($99,700) during a recent bidding round, with analysts predicting further increases as electric vehicle rebates end. Category A COE premiums rose 4.2% to S$129,000, while Category B COE premiums for larger cars increased 6% to S$130,889.