Singapore’s Car Permit Prices Fall Most in 4 Years on Loan Curbs

Singapore’s Car Permit Prices Fall Most in 4 Years on Loan Curbs

Munshi Ahmed/Bloomberg

A Bayerische Motoren Werke AG (BMW) vehicle is driven past a Porsche SE advertisement in Singapore. The price of permits for cars with engine capacity of 1.6 liters or more fell to S$58,090 ($47,000) from S$92,667 on Feb. 20. while those in the open category dropped to S$65,001 from S$91,910.