To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the U.S., as a post-pandemic recovery has driven up the cost of the city-state's vehicle quota system to all-time highs.
I get it though, you really don’t need a car to get to maybe 95% of the country. I wonder if people who need to haul stuff around for a living get any incentives.
Not a resident but my partner is from SG. One of the reasons I often hear is that families(mom, dad, kids, grandparents) like to travel together, and the elderly are not always mobile enough for public transport. Public transport is really fantastic, but it doesn’t cover every single need.
And of course it’s a status symbol, some feel the need to show they’ve got the wealth to own a car.
Again, I hear these things second hand and am colored by my partner’s beliefs :) Maybe a SG resident has a better (or different) explanation.
edit:
In my eagerness to share, I realize this doesn’t really answer your question. Sorry about that :)
Nah you’re good. I was actually thinking of a similar scenario, like for musicians who need to lug their gear around. They don’t exactly fit into the category of a business that transports goods, but they can’t exactly walk, ride a bus, then a train, with all that gear in tow. I’ve been to SG several times myself and I love how easy it is to get around, as someone who prefers urban living.
My mother was born in Singapore and we’ve been to visit many times. There are a lot of taxis, and they are quite cheap. As a tourist it was cheaper to take a taxi than public transit when we were a group of 3 or 4 people. 2 people was pretty close either way. I’m sure public transit is cheaper when you’re a full time resident, but my grandparents just use taxis all the time due to their mobility issues.
They should just do what Japanese elderly people do and use the (free) ambulances as taxis!
There’s a special category for Goods Vehicles and Buses, which rose to SGD 85900, I’d assume those vehicles are registered under businesses they own, and probably are counted as business expenses that might be tax deductible