Before you can buy a small car in Singapore, you must bid for a 10-year permit. What was September's record price?

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In Singapore, the permit required just to buy a small car soared to a record $104,000 in September. It does not include the vehicle or the taxes on it; it merely grants a 10-year registration right. With the government enforcing a zero-growth vehicle policy since 2018, bidding for the fixed quota has made Singapore the world's most expensive city for new car buyers.

Singapore makes you buy a permit before you can own a car. A 10-year permit just hit a record $104,000.

Source: Land Transport Authority of Singapore (COE bidding results); Ministry of Transport; Bloomberg · checked Sep 2026