Having your own car in Singapore has become a dream these days. Buying 1 car there is equivalent to buying 4 Toyota Camrys here. According to Reuters, the price of a car in Singapore is around $106,000.

Singapore has a 10-year "Certificate of Eligibility" (COE). The system was introduced in 1990 to control the number of vehicles, as Singapore is a small country with a relatively large population. 5.9 million people live in this country. Therefore, a quota system has been created for purchasing vehicles, the price of which has now become higher. Singapore is such a small country that it can be covered in less than 1 hour. Because of COE, this country is the most expensive country in the world, where vehicles are bought at quadruple the price.

If someone buys a subsidized house in Singapore, its price is 125,000 Singapore dollars. Whereas if he buys a Toyota Camry Hybrid car, he may have to pay prices ranging from 251,388 to 183,000 Singapore dollars. Whereas if you buy a Toyota Camry Hybrid car in America, you will have to pay US$ 28,855, which is many times less than in Singapore.

Actually, vehicles are available in Singapore under the quota system. Rapid recovery efforts after the Corona epidemic have increased the cost of the vehicle quota system in Singapore. Car buying in Singapore is currently at an all-time high. The Singapore dollar is worth $1.3 against 1 US dollar. The price of quota certificates for vehicles in Singapore has now reached US$ 1.06 lakh. If seen in Indian Rupee, it will be around Rs 90 lakh.