alt Hacker NewsA basic commuter car costs over S180,000( US135,000) due to a compulsory 10-year quota license (COE/certificate of entitlement) that alone costs S$100,000+, plus registration taxes scaling up to 320% of the car's base value. Total running costs (tolls, parking, road tax) easily add S1,000–S2,000+ per month.
Singapore is so small though and cabs are cheap and I never needed a car. I can see why Waymo will be very attractive.
Replies
merek • today at 5:22 AM
> cabs are cheap
Everyone says that but I've had the opposite experience, possibly due to my location (near Orchard Rd). Can easily pay $15 to essentially go around the corner.
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If you never needed a car in Singapore then why is the COE so expensive? COE price is determined from a bidding process.