The administration said that the growth cap for all passenger cars and motorcycles will be cut from 0.25% a year to zero with effect from February. The affluent city-state of 5.6 million people already imposes a quota on the number of vehicles sold and the number on its roads, and has avoided the massive traffic jams that choke other Asian cities.
Singapore makes it costly for those wanting to buy a vehicle, who must first get a “certificate of entitlement”, valid for 10 years — the average cost of a certificate is currently around Sg$50,000 (US$37,00). A Toyota Corolla Altis, a five-door sedan, can cost up to around Sg$111,000 in Singapore, including the price of the certificate, or about four times what it costs in the US.>
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