Singapore's notorious parking woes have reached new heights, with the cost of a small car permit reaching a staggering record high of US$99,700. The latest hike in permit prices is set to further exacerbate the city-state's already severe congestion and parking challenges, with many residents and commuters struggling to find affordable and convenient parking spots. The permit system, which is designed to manage the limited supply of parking spaces in Singapore, has long been criticized for favoring wealthier residents who can afford to pay exorbitant fees. As the city's population continues to grow, the issue of parking affordability is becoming increasingly pressing, with many calling for a more equitable and sustainable solution.
It costs a record US$99,700 to buy a small car permit in Singapore South China Morning Post
