Car prices in the Singapore equivalent of the U.S. House - Singapore - The cost of car ownership in Singapore licenses has climbed to its highest level in 17 years. As a result, the price of a family sedan in Singapore is equivalent to the average medium home prices in the metropolitan area the United States.
SGCarMart.com advertising sites recorded, the license costs SIN $ 86.889 - the equivalent of U.S. $ 67 thousand - the price of the Passat sedan Volkswagen AG 2012 output reached U.S. $ 152 thousand in Singapore. Meanwhile, according to the National Association of Realtors, United States, the average house price in metropolitan America is the region of U.S. $ 158,100.
On April 2012, the price of car ownership in Singapore licenses that can be used to buy a car of any kind reached SIN $ 92,010. The highest record ever in 1994 at a cost of $ 110,500 SIN.
Permit ownership rates specified in this auction reaches SIN $ 86,889 at auction May 23. This figure has jumped from SIN $ 8,501 three years ago to permit ownership of the car for ten years. The next auction will be held on Tuesday, June 5, 2012.
»The system is intended both to limit congestion and pollution, but it is raising prices, even for a simple car to a level that does not make sense," said Vinay Mathur, a senior executive from Mumbai who now lives in Singapore.