Singapore’s Car Market: The Shocking Cost of Driving

Singapore’s bizarre car market, where three letters (certificate of entitlement) can add a staggering $100,000 to the cost of a car. Why owning a car in this tiny, bustling city-state is both a luxury and a practical necessity. Singapore’s pursuit of becoming a “CarLite“ nation impacts car enthusiasts, commuters, and the environment, and these challenges are shaping the future of transportation in Garden City. Report: Julienne Chan Camera: Alex Tan Editing: Kirsten Jungclaus ► Liked the video? Let us know by giving us a thumbs up! ► Want to see more? Make sure to subscribe ► Check our website: REV - The Global Auto and Mobility Show from Deutsche Welle #dw #dwrev #singapore 00:00 Singapore car market 00:52 Certificate Of Entitlement 02:09 Buying a new car 02:25 Second hand cars 03:00 90’s Singapore & 03:26 Singapore transport 04:04 CarLite City 04:45 Scraped cars second life 05:34 Urban planning 06:03 Future of driving in Singapore