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 S$52,301 ($39,000) in the last round of bids, enough to buy a new Jaguar XE in the U.S. or Mercedes-Benz B180 in Hong Kong.
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