When the time came to renew his certificate of entitlement (COE), Andrew Tan hit the brakes on coughing up an eye-watering S$112,000 (US$87,400) to keep his car on Singapore’s roads for another 10 years.
Instead, the 49-year-old business consultant decided in May to go without a car for the first time in two decades.
High COE prices, rising running costs and the hassle of parking and congestion are prompting more Singaporeans to reconsider car ownership, as the land-scarce city state expands…
Source: www.scmp.com
