Marketplace®

Daily business news and economic stories

Cars in Singapore match cost of average U.S. home

Due to rising demand and strict government controls, the price for a permit to buy a car in Singapore has risen to almost $67,000 dollars.

In the United States, eight out of every ten people own a car. Even with insurance, registration, and gas, for most Americans, this is a manageable expense. The same cannot be said in other places around the world, including Singapore. In the Asian city-state, a car costs as much, if not more, than a house.

For today’s mid-day extra, we talk to the BBC’s correspondent Mariko Oi in Singapore about what’s driving the costs up, who pays, and how she gets around.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    2 hours ago
    7:08
  • Marketplace Tech
    4 hours ago
    11:03
  • Marketplace
    15 hours ago
    25:19
  • Make Me Smart
    21 hours ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45