Home / World News / Motorcycle permits now costlier than new, entry-level bikes in Singapore

Motorcycle permits now costlier than new, entry-level bikes in Singapore

The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority

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Photo: Bloomberg

3 min read Last Updated : Oct 26 2022 | 9:51 AM IST

Singapore’s reputation as one of the world’s most expensive cities now extends to one of its cheapest modes of transportation: motorcycles.

The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority, up over 200% in four years and more than the cost of a new, entry-level bike in the Southeast Asian nation.

Singapore controls the number of permits, called certificates of entitlement, as a way to limit the number of motorcycles and cars on the road. As of September, the city caps its motorcycle fleet

Topics : Singapore motorcycle Motorbikes Two-wheeler market bikes Motorcycles Transportation Food delivery driving licences two-wheeler Cars

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