Less than 3% of car COEs, on average, obtained by foreigners
SINGAPORE: Minister for Transport S Iswaran tackled the hot-button issue of the price of the Certificate of Entitlement in Parliament on Monday , addressing the questions MPs had raised about the certificate needed to own and use cars in Singapore.
The minister said the proportion of households owning more than one car has also remained stable. He added that the numbers he quoted in Parliament in October last year have remained unchanged. Of the 471,000 households that own cars, 12 per cent have two cars, and under 3 per cent have three or more cars.
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