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Singapore to Stop Increasing Car Numbers from 2018

In 2018, Singapore will stop adding additional cars to the roads. As reported by Bloomberg (via Daring Fireball):

Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year.

The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said on Monday.

“In view of land constraints and competing needs, there is limited scope for further expansion of the road network,” the Land Transport Authority said in a statement on its website. Roads already account for 12 percent of the city-state’s total land area, it said.

To clarify the commentary on Daring Fireball, if you want a car but don’t own one, you’ll need to wait until you can buy a Certificate of Entitlement — essentially a 10-year license to own a car — which are available via auction.