The right to even own a car in Singapore has surged to a record, adding to the cost of living in the city-state.

In the latest round of bidding, the certificate of entitlement (COE) premiums for motor vehicles breached the S$100,000 mark for the first time since the series began. Singapore requires motorists to have the COE for the right to own and operate a vehicle for 10 years, after which, they are required to renew it to continue using the car.