Singapore’s middle class reels over record COE prices: ‘US$150,000 for a Toyota Corolla?’
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
The price of a certificate of entitlement, or COE, for vehicle ownership in the land-scarce city state has ballooned to US$75,000 – making it ‘impossible for the middle class’.