Owning a Car in Singapore: What You Should Know and Consider

As household incomes in Singapore increase, COE premiums are predicted to rise as well. This phenomenon is also in alignment with Singapore’s policy of zero car-growth. Given Singapore’s compact size and a reputation for having an efficient public transportation system, this inevitably raises a pertinent question for commuters here: “Should I own a car?”. While car ownership offers convenience and freedom, there are several factors to consider before making such a decision here.