The Real Mark of Luxury in This Bustling Metropolis? Owning Any Car at All

Singapore has capped car ownership since 1990 with its Certificate of Entitlement, a permit required to register a vehicle that’s sold in twice-monthly auctions, lasts 10 years, and has recently cost more than $75,000. The policy is paired with heavy public-transit investment for the city-state’s 5.9 million residents, with about 80% of homes within 10 […]

Source: https://news.bitcoin.com/featured/the-real-mark-of-luxury-in-this-bustling-metropolis-owning-any-car-at-all/