The latest COE Bidding Results are out. With the exception of the motorcycle category, all other categories recorded their highest prices in recent years.
To buy a small car, you now have to pay $28,389 for that “Certificate of Entitlement”. (I heard an NUS degree costs less. )
Car dealers have also promptly adjusted their car prices upwards, some by more than $10k.
Previously, I said one should make at least $7,650 in order to prudently own a car. Maybe now it should be even more.
If you are a car owner, do you (and your spouse) make more than $7,650/mth?