You Can’t Buy A Car In Singapore From Feb 2018 Onwards

“In view of Singapore’s land constraints and our commitment to continually improve our public transport system, we will lower the vehicle growth rate from the current 0.25% per annum to 0% with effect from February 2018 for COE Categories A, B and D”, says Land Transport Authority of Singapore.

Categories A,B and D refer to small cars and motorcycles segment (COE = certificate of entitlement). What this means is that COE, which is certificate of entitlement, i.e. a license to drive a car is valid for ten years. In Singapore, COEs are released at periodic intervals and need to be bid on.