Video - Which is the most expensive place on earth to own a car?

First you have to buy a certificate worth 70K$ that grants you the legal right to own a vehicle. Then...

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Singapore skyline at night, with some of the tallest buildings and landmarks of the country.
Singapore is probably the most expensive place on earth to own a car. Even before you can buy a car, you have to acquire a "Certificate of Entitlement" or COE, that grants you the legal right to register, own and use a vehicle in Singapore for a period of ten years. The price of a COE is currently about $70,000. Then you have to install a sort of transponder in your car, that charges you for driving on the streets, depending on the street and time of day. Rates range from $1 to $10. And car prices are insane! Our host is John Chow, a well-known figure in the Internet Marketing world and a famous YouTube vlogger, speaker and entrepreneur.