The Land Transport Authority (LTA) cited the scarcity of land and public transport upgrades as reasons for the cap, reports the BBC.
The densely populated country has strict policies aimed at limiting the number of cars on its roads.
As a result, car ownership rates are far lower in Singapore than in other countries.
In addition to caps, Singapore has a deliberate policy of elevating the cost of owning a car in an effort to reduce the number of vehicles on the road.
The cap applies to private cars and motorcycles but not to goods vehicles and buses, according to the LTA.
Despite the government's policies, there are nearly one million vehicles on Singapore's roads. Just over 600,000 of those are private and rental cars, including cars used by ride-hailing services such as Uber and Grab.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.