Buyers in one of the world's most expensive car markets just missed their chance to snag one at the cheapest price in five years.
Car-ownership permit costs in Singapore have gained since February after ride-hailing companies
obtained licenses for their fleets and the regulator eased rules on vehicle loans in May. The price of a
permit, called a certificate of entitlement, for small cars and taxis reached $52,301 in the last round
of bids, enough to buy a new Jaguar XE in the US or Mercedes-Benz B180 in Hong Kong.
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