Singapore

Automotive certificate of entitlement (COE) prices in Singapore continue to rise, with the problem set to worsen when the number of COEs (which give holders the right to buy vehicles) issued by the government is cut again in August. The government is reducing the number of COEs issued and investing in public transport in an attempt to reduce pollution and congestion, with a further cut to the number of COEs available due in August. Nevertheless, the increase in prices in the current inflationary environment is likely to further weigh on the city state's social stability rating.

To read the full article, please choose one of the following options: