You need a Certificate of Entitlement (COE) to own a car in Singapore. COE is very expensive, and you must bid for it in an open auction, thereby adding to the cost of buying a car. Has Singapore made cars expensive on purpose? If yes, why?Zerodha Varsity on Social Media:

Instagram: https://www.instagram.com/zerodhavarsity/

X: https://x.com/ZerodhaVarsity

YouTube: https://www.youtube.com/@varsitybyzerodha

Disclaimer: The stocks or financial instruments discussed in this

podcast are meant for educational purposes only. Please do not consider

them recommendations or financial advice of any form.