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Ride-hailing, COE prices and Singapore’s car-lite goal

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Raphael Lim

Raphael Lim

Published Fri, Jun 2, 2023 · 03:00 PM
    • A free market may be able to determine the most efficient ratio of ride-hailing and shared-car services in the market, but there are other considerations to the pricing of private transportation.
    • A free market may be able to determine the most efficient ratio of ride-hailing and shared-car services in the market, but there are other considerations to the pricing of private transportation. BT GRAPHIC: SIMON ANG

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    A TOYOTA Corolla hybrid can go for as little as US$27,000 (S$36,500) in New York, £31,000 (S$52,200) in London, and around 2.5 million Japanese yen (S$24,200) in Japan.

    Here in Singapore, driving a similar Corolla Altis hybrid away from a dealership last month would cost a buyer S$209,888.

    Every decade or so, car prices in Singapore surge to stratospheric levels on the back of falling supply and robust demand.

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