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Certificate to own car in Singapore rockets to $106,000
(www.theguardian.com)
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No, driving cuts travel time in half compared to public transport during off-peak hours.
The point of owning a car in Singapore is the flexibility in reaching a destination without the need to navigate the public transport system and still needing to walk the last bit of distance.
That being said, it's not that much more painful to use public transport over vehicular transport and you can live without owning a vehicle.