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1 Answer
Hi Tony! The OMV of a vehicle is basically the price paid or payable when a vehicle is imported into Singapore. This is assessed by the Singapore Customs and includes purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car to Singapore.
You can find out more information here: https://onemotoring.lta.gov.sg/content/onemotoring/home/buying/upfront-vehicle-costs/open-market-value--omv-.html#:~:text=The%20OMV%20of%20a%20vehicle,of%20the%20car%20to%20Singapore.