[Full] COE: Fine tweaks or major overhaul? | The Straits Times roundtable

[@xmingxming]

Does not solve the traffic jams on the road,should cap PHV on the roads.

[@LonganLee]

Yes. They also cannot prove is coe reducing the car population given the demand remains as people merely shift to using phv or renting which increase car population. You can not prove what has not happened

[@ChangeMustCome50]

The COE system is simply flawed. With a small amount of COEs available, motorcycle dealerships can bid up all the COEs and control the pricing. The fact that they do not need to pay the full COE amount and just a small amount for Temporary COE (tCOE) makes it really broken for years. Robin Low

[@thiamhuatang1070]

Pay for Road Usage. COE system leads to Low Road users subsidise High Road users. With Road Congestion and Emissions being the Policy Constraints, Pricing should be on Road Usage, not Car Ownership.

[@edchen1532]

The COE system is simply flawed. With a small amount of COEs available for us the private car owners competing with Taxi, Grabs and rental car companies. These companies will push the bids high since we are paying the fare. The higher they bidden and won the higher the fare will go up. Taxi Grabs and car rental companies should be under 1 group separating from us. And is our system fair when issuing car plate to us? Why cant we choose the plate number from the system just like China? Are the dealers keeping the nice number plates of ours for themselves?

[@TheMrleeyang]

number plate is random. You can ownself bid for the number/combination you like beforehand so actually.

[@pehsc1250]

Agree with the car plate issue. If we get to choose the number plate it is like selecting a unit from HDB, you get to choose your unit number. Also owning a car should not be classified as owning a luxury item as LKY said. For those who have to fetch their child after work from a childcare nearby workplace then taking a train at 6pm is a nightmare. Putting your child nearby home and leave work at 6pm to fetch is equally silly since the teacher got to wait for you till 7pm.

[@Niatnuom_Esiotrot]

We should pay extra attention to Grab type ride-hailing companies bidding, because they are strategically incentivised to outbid and push as many existing and potential private owners out of the market as possible. The more private car owners they can displace, the larger their potential customer base becomes. The more people they manage to force to give up or not buy vehicles, the larger their potential consumer base becomes.

[@DevinTey]

1. More balance ownership and usage charges. Use mileage charging like ERP 2. 2. Separate resident and commercial usage. eg somehow merge cat 1 , 2 & open, commercial categories for taxi, private-hire. 3. Eliminate loopholes in car financing. 4. Redesigning rule on 10 years COE duration. Using road tax as the lever, 7 years onward road tax increases with gradual age loading till say 20 years old. Couple it with vehicle roadworthiness/emission testing. So that deregistration is less volatile. 5. Goals for the resident category, shall balance economics and social equity. With 2nd ownership surcharge, foreigner surcharge, young kids discount, disable discount etc. 6. Goals for commercial categories, can be mostly economical, open market driven. 7. Supply growth to be defined in terms of congestion, instead of the total number of vehicles. Multi-layer, underground tunnels are solutions to increase supply without increasing land usage. Cost/benefit to be economically driven to justify the supply.

[@scbchong6964]

You forgot Nature/God distributes talents unfairly and unequally. Why should taxpayers subsidise a car for you when it is each responsibility to learn to earn and save? Your purchasing power is directly related to your earning power. And your earning power is directly related to your talents, skills and attitude, right?

[@philippelee5720]

@@scbchong6964like tat u win already no need tweaking

[@Niatnuom_Esiotrot]

Many if not most ride-hailing companies are not profitable, some only become "profitable" after skilful accounting. Meaning to say they use other people's money from capital markets and they can burn it in a self-bleeding manner to bid against private car owners. Why should regulators allow parties that are subsidised by capital market bid against regular folks(who made their money from talents, skills and hardwork) and push the regular folks out of the market?

[@scbchong6964]

@@Niatnuom_Esiotrot Singaporeans like to blame govt, but forgot that inflation is ALWAYS caused by too much liquidity, easy loans and fomo. These three factors came to a head by late 2022 and mid 2023.

[@LonganLee]

Car population can be limited using quota without a cent of coe

[@antihunter]

i am more mixed as to why LTA need to seek all these opinions from externals to move this when a number of these problems are quite transparent even to common folks on the ground. while i applaud LTA for taking feedbacks, but i am also doubtful what were the incumbent doing all these years for obvious thing like phv financial 90% LTV and masking as private car and 0% growth.

[@TheMrleeyang]

zero growth was aiming towards greener transport like bus and mrt. The financing of PHV i guess is a loophole?

[@thebestbees]

Gotta show they are “ listening “ but whether or not they will make any changes to its golden goose will be something to note

[@LonganLee]

COE does not remove the Human Need to use a car via Taxis, PHV, rentals. Unreachable COE helped Boost the PHV demand and so it's it's a perfect Tax. But don't tell too many about this. This wisdom is precious. Don't let people know. They highly educated but say Bo Bian, a psychological Escapism . Maybe too afraid to afford democracy?

[@ddoxobb]

If the congestion is the same after the "cut and fill" exercise, then why not simply increase the COE quota now, what is the need for zero growth policy?

[@kelvin.008]

The reality is the ministers and politicians have no issue paying however high the COE is, so.. poor peasants have to take public transport.

[@sunsetbay154]

surprise none of the "experts" look into what really cause the traffic congestion~ its not just the number of vehicles on the road, remember we have net zero gain on vehicle population over last 5 years and the road network are expanding but the traffic congestion seem to be worse than before~ i do delivery and i know how frustrating the road traffic can be~ LTA had changed the traffic lights sequence over the last several years, this result much longer wait for the right arrow to appear~ when it appears, it only run for 30sec which only can clear few vehicles~ if there's bus or heavy vehicles are in the queue, the cars behind have to wait for the next round~ this jam will pile up to the earlier junction~ same thing in the late night, when traffic are lesser, the wait for right turn is equally long, which doesn't make sense~ we are in 5G era now but our traffic light management system is still pretty much 3G, i'm sure LTA can explore options on smart traffic light with cameras, sensor, AI, GPS (since next gen OBU will comes with GPS) to optimise our road traffic~ COE main purpose is to control traffic and many times, the traffic congestion were caused by the traffic lights, not just the cars~

[@LonganLee]

I see more traffic lights being built😅

[@edwardlumsianming3430]

Why did the panel not invite MOT OFFICALS 😢😢😢😢😢😢

[@chuandeang4122]

who is the Minister of Transport???? .....issssiwaran??? hmmm maybe now i know why COE is in such a dire situation.

[@ChangeMustCome50]

A high COE benefits the dealerships as even the buyers for the smallest motorcycles need to take loans. These loans range from 4% to 10% or more for used bikes and come with a lot of clauses to prevent early termination. With high COE, the costs for a new bike are high, and it also drives up the cost for USED bikes and guess what? The dealerships win again.

[@bennylim9302]

Agreed the dealer make more money

[@edwardlumsianming3430]

The existence of LTA IS TO ENSURE TRAFFIC FLOW IT IS NEVER ABOUT CAR OWNERSHIP. THE ECONOMY COMES FIRST NOT THE PEOPLE😢😢😢😢😢😢😢😢😢😢😢

[@LonganLee]

COE is paid to G not dealers.

[@LonganLee]

The Demand for using a Car remains and coe does not address this. The demand shift to demand for PHV and Rentals. So coe lead to phv and rental cars becoming in hotter demand. They keep blaming PHV but ignoring or avoiding to mention how COE caused this

[@LonganLee]

Dealers don't earn 1cent from high COE. Every cent of COE goes to the coffers. I think you are blinded or brainwashed. Dealers are usually funded by Finance Companies. These could be benefitting from higher interest and higher loan amounts due to COE. You should not speak vaguely and put blame on the wrong entity. Why do vehicle sellers benefit from high COE? Higher COE less buy or more buy? Why do they bid for COE? Cos the COE system invented make them have to bid. Is it the COE system invented by someone? What caused PHV registration to increase? High COE? What caused higher passenger demand for PHV ? High COE?IF If these demands for cars increase, do you think COE gets higher? If you have confidence we can debate to straighten your thinking. If you are a internet bridgader, then you need to send your best debater to save you

[@LonganLee]

So laughable, expecting coe to come down

[@globalite99]

COE prices are basically determined by car dealers who compete to sell cars, the amount they bid are paid for by car buyers. For COE prices to be realistic, car dealers should not be allowed to bid. Car buyers should bid themselves based on the worth that they see fit.

[@scbchong6964]

No, the amount bidded is stated on the purchase/sales invoice. Buyer has to agree. Plus there is deposit of $20k - 30k on confirmation of purchase.

[@hatchegg80]

this is a good lineup and discussion

[@kelvin.008]

Will be better if opposition MPs participate. Alternative voice.

[@PAPpopulist163]

Workers’ Party raised over 20 questions on the issue of rising COE premiums, with some presenting their proposed solutions to tackle the root cause of rapidly increasing COE prices.

[@ktn3322]

PHV is most likely the main problem . Most car users had gotten used to $40-70k COE would not have chased it to $100k let alone > $150k. A PHV is essentially consist of 2 parts : part 1) owners willingess to pay $40k to 70k for his traditional domestic usage. The part 2) is the "business component" ie. if the PHV can make $4-5k/mth revenue and only need extra $1k petrol and $100-200 more car service cost monthly . So there is a nice $30-40k net profit annually . Make that 10years which is $400-500k revenue or worseit is the livelihood to the PHV owners .......so .it still make good ROI sense to pay that extra $60-70k COE to $150-160k in view of the $400-500k livelihood one need to hang on dear life vs being a traditional taxi driver. My 2 cents off the hip

[@winghonglee463]

Is this to manage congestion or is this to collect reserve? If it is to manage congestion, ERP and limited parking will take care of it.

[@alvin908]

When COE cost 60 K car price sold 80 K when COE was down 26 K 5 years ago the new car price cost 80 k too. When Uber drew out the Singapore market. now Coe's cost went up high 100 k who caused it?

[@TheLouis8919]

PHV

[@thebestbees]

Our acting transport minister still claim that the high COE isn’t caused by rental/leasing companies LOL

[@AndrewTube]

nonsense, when COE was 60K, prices were 100k+

[@nicklee7002]

The recent COE spikes was caused by govt playing with some of the COE components to jack up the prices;

[@tanalson]

Guys, the way to reduce conjestion is to reduce the number of private cars on the road. Cars are bought to drive around, and in the end, it will need to park somewhere. What if we take away half the amount of carparks and repurpose it to other uses rather than just a building just for cars?

[@intercessorz7479]

One thing we should avoid is that we analyse and further analyse until we are paralysed without taking any action. Prof PNG was correct to say that we already have the solution for ERP on actual road usage. A very relevant tool to charge ERP based on road usage and emissions. Issue is pricing determination. The G 4 leaders have to very decisive and quick on this. COE could be the hottest topic in the coming election🙏

[@yusenzhan9767]

Agree. I think COE significantly contributes to inflation. The G4 leaders should be prudent about this topic.

[@scbchong6964]

Actually COE was low from 2018 till early 2022, lah. If over four years you still cannot decide to buy, then the problem is NOT govt policies. The problem is YOU.

[@yusenzhan9767]

@@scbchong6964 I like your naive logic.🤣

[@scbchong6964]

@@yusenzhan9767 btw high COE does NOT contribute to inflation. The COE is high because singaporeans got too much money now. Singaporeans have high pay, high bonus, high CPF savings, high personal savings, and every month, about 40 singaporeans sell their HDB for a million dollars.

[@philippelee5720]

@@scbchong6964 like tat u win again

[@ChangeMustCome50]

Why does this scheme exist? With a high $5,000 COE, will anyone riding an old pollutive motorcycle renew COE and continue to pollute? We already have a strict motorcycle inspection process, and a COE system to ensure old bikes get scrapped. No need to give money and force people to scrap their bikes.

[@derrickcsh]

The discussion is very well rounded on the COE issue. I believe without a change in the COE system there will always reach an all time high every couple of years or even months.

[@scbchong6964]

Why no complain when COE was low from 2018 till early 2022?

[@philippelee5720]

@@scbchong6964no issue y complain 😂

[@derrickcsh]

@@philippelee5720 exactly when there is no issue why complaint.

[@scbchong6964]

@@philippelee5720 COE complaints does show that some older GenX singaporeans are very entitled and spoonfed by govt.

[@khaosmue2114]

@@scbchong6964Erm, cuz the COE is meant to be low? The only thing we shld be paying is the OMV btw. Having a COE itself is atrocious. Also, using price to control traffic is a dumb and destructive move

[@mchee888]

COEs just control car population. it doesn't control road usage which is the fundamental metrics we should be measuring if the obj is to reduce carbon emission and road congestion. in fact it elevates road usage when COE price are high. So definitely is time for major revamp to a more just system one that look at road usage. as the profs says, technology has progress that makes it now feasble to do so...

[@tango8242]

Need to include population trend increased against car increases. if not Singapore born will be pushout by new immgrants.

[@is200gt]

hire purchase car cannot sold as 2nd hand car... follow taxi after 7 years must be scrap

[@CedricHo-zn5cv]

Now they let you discuss / argue just like when the decision to build Casino and brainwash ourselves. Then ERP2 will come and kick our butts for sure. Then bye bye to the dreams of owning a car.

[@malcolmsim4081]

Could ERP2.0 and AI optimize road usage and help moderate congestion?

[@malcolmsim4081]

Office holders get scolded daily maybe because the ERP gantries do not seem to help with congestion.

[@ssangyongA230]

Socially, its not right. One must understand really families with old folks and children to fetch and have to use a car for work ( sales job that needs a car ) , this group are suffering from such ridiculous high price. It's nonsensical. The govt need to lose some seats in parliament then they wake up. Otherwise they will enjoy deriving such high revenues. LTA tasted such great revenues from COE. Why a family who work hard cannot have a car and are ask to put their old folks on mrt , buses and pay high Grabcar and taxi prices. Why Why Why pay such sums for a bullshit pc of paper? even a $80K COE cat A is excessively high. Coe price cannot be twice the price of a physical new car ( without coe ). Pushing people who genuinely have a need for a car to take up high loans ?? 😢😢😢 food price up, electricity bill up .....and we get this kind of policy making our lives tougher taking up such loans ! Does it help the citizenry who genuinely need a car ? No no no ! Hit on the nail Why such 1990s policy carry on....and why play backfill method cos LTA knows COE is goldmine la.....why they interested to make our lives easier better.....correct only for those entitled, not for those genuinely needing a car !

[@ivantan6841]

Sorry to say that you are trying to find excuses for your wants and not needs. You want the convenience, pay for it. Its all about sacrifices, if yours sales job needs a car but yet the income is not good enough to afford car, you can always be a grab driver or change job. Stay with your old folks, children can study in your neighborhood and walk(exercise too). Stop complaining its expensive and why you find it expensive, look at why others can afford it...

[@sirius3592]

​@@ivantan6841well said

[@HotimusPrime]

Does Coe equates to the "no. of pax (a car can hold)" * median of public transport cost * 365days * 10years?

[@jianoob]

The govt controls COE in hopes to curb congestion on the road, but now that COE is so expensive, there's congestion on the public transport system. This, however, isn't such a big deal to the govt it seems.

[@TheLouis8919]

The professor is interested in raising the ERP. Should go back to cap the 10 years car loan and the minimum down-payment sum requirement for any car purchase.

[@tango8242]

The team forget about new residence and immgrant. More and more population increase, how could the population of car stay same. One suggestion is 1)have the companies car be separate from normal. 2) have additional fee fow owners having more than one car. 3)have additioal levy for PR and foreigner to own car.

[@scbchong6964]

Why punish and jealous of foreigners? You got no talent to earn higher salary? Your spending and purchasing power is directly related to your earning power, right?

[@tanalson]

Actually, LTA and the relevant agency should ask themselves what is the reason behind coming out with this COE system in the first place? What is the intention and outcome they wanna achieve?

[@steventay5834]

Build more roads and allow more cars on the road. Set a fixed price $10000 for COE and not transferrable. If you sell your car, you keep the COE to be used for your next car (and only allowed to drive for the remaining COE period)

[@LonganLee]

Are there any sarkers who actually paid $130 - 150k coe? Why are some areas having more traffic lights built along roads that are not really congested yet?

[@anghockseng5686]

Richmen can afford and mp minister can afford Mp allowance is so high even they go.outside and work they cant the salary

[@is200gt]

coe cannot be loan and must be pay fully by CASH.. Agent is not allow to bid...

[@thebestbees]

So many discussion and talks about COE, government trying to “ show “ they are listening ? There’s a reason why there’s so many unhappiness with the COE, if it’s working as it should be, why would there be so many complains? Sure, the government may “ listen “, but what will they do to its golden goose? Every bidding is bringing in millions of dollars, it’s free money out of nothing!

[@scbchong6964]

Actually the COE is rebated to car owners in the Paper Value. The govt actually owes you money, it does not free money to govt.

[@PAPpopulist163]

Stop pretending that this gov would actually change anything if there is no opposition pressure to

[@oluwasegunaina8660]

Thank you.

[@jbrkjferkjbekjb]

I'm not sure about how controlling "usage" and not "acquisition" would work. Both ideas sound like you wouldn't be able to drive the car anyway if the costs are too high. I would even go further to argue why buying the car is even necessary if the cost of usage is too high. It's almost like a high "hidden cost" which consumers cannot accurately anticipate before buying the car, only to realize they cant actually afford to drive it after.

[@scbchong6964]

These hypocrite jerkoffs forgot that COE is not set by govt but bidded by singaporeans. And singaporeans now have too much cash and too little common sense. Inflation is ALWAYS caused by having too much money.

[@LonganLee]

Is there independent audit of the claim by the old news correspondent that 37% are biddings by PHV? Many in sg will just take what is given as unquestionable truth

[@liangjerry]

With the introduction of the Lexus Taxis fleet, its a clear message why the COE could climb to $150K recently. This 2 event timeline is too coincidental to allow consumer not to believe the COE price hike is not driveup by Capitalization.

[@scbchong6964]

Actually the PHV rental companies could only bid for available cars from Q2 2023 because of chip shortage and supply chain disruptions during covid. Also everyone WFH so no demand for Grab, Gojek from 2020 till Sep 2022. Check facts and reality before complaining plse.

[@Niatnuom_Esiotrot]

Grab type ride-hailing companies are strategically incentivised to outbid and push as many existing and potential private owners out of the market as possible. The more private car owners they can displace, the larger their potential customer base becomes.

[@Niatnuom_Esiotrot]

Many if not most ride-hailing companies are not profitable, some only become "profitable" after skilful accounting. Meaning to say they use other people's money from capital markets and they can burn it in a self-bleeding manner to bid against private car owners. Why should regulators allow parties that are subsidised by capital market bid against regular folks and push the regular folks out of the market?

[@scbchong6964]

Also, why no mention that the COE is equally depreciated along with the relevant car taxes in the residual "Paper Value"? This "Paper Value" can be encashed and used to offset the cost of the next new or used car. In effect, the govt owes you money. The govt does not "steal" your money. What you pay for the COE is not lost.

[@malcolmsim4081]

ERP2.0 and AI could be a way to go to manage congestion and optimize road usage.

[@edwardlumsianming3430]

In the end it is the DESIRE TO SO CALL OWN A CAR FOR TEN YEARS IS WHAT THAT MATTERS FOR BUYERS AND THE MARKET IS SATISFYING THAT DEMAND BY PRICE

[@edwardlumsianming3430]

At least the panelists, in all good intentions, have tried❤

[@PAPOutoftouch]

Without opposition pressure there won’t be ANY CHANGES

[@steventay5834]

No matters how you tweak, COE prices will not drop lah. You need to build more roads and allow more cars on the road.

[@LonganLee]

Where is the Transport Minister Iswaran? Having Tea?🤭🤣🤣🤣👍🤝👏👌🙏

[@etet382]

Meanwhile, Malaysian SPR working in Spore can easily afford a brand new Japanese or Korean SUV/family sedan with salary of just SGD3000.

[@scbchong6964]

How to expect COE to be low price when every month, about 40+ singaporeans sell their HDB flat for more than a million dollars? btw HDB BTO are subsidised and CPF balances are now at half a Trillion dollars. Singaporeans want to sell their HDB flat for guaranteed a million dollars but demand for chicken rice to be cheap cheap and COE to be low low anytime they want to buy new car. Logical? Realistic? Citizens, when COE is high, it is because of too much cash in pockets and too little common sense. High COE does not cause inflation. Too much liquidity, fomo and easy loans causes inflation.

[@thebestbees]

So what can we learn from all these discussion ? That COE right now at this stage has definitely failed to work !

[@scbchong6964]

Actually the discussion just shows how entitled some older GenX singaporeans have become. For certain, their parents were mostly too poor to afford a car in the 1970s.

[@AhLiang08]

Highlights the good and the bad thing about our technocratic leadership: very smart people making mostly valid points like price, demand, supply financing, utilisation rate. What's glaringly missing is PEOPLE and quality of life. Seeing the smug guy talk about how great public transport is reminds me how seldom the policy makers are taking PT. A clear understanding of human behaviour is needed, because how many people are really making unnecessary trips just because COE is high? And what of equitable distribution, such as wheelchair bound or those who meet national goal of having 2 or more kids? My hypothesis: treat your citizens well, reduce costs of living and you might get increasing births, which then produces your next gen taxpayers.

[@scbchong6964]

You forgot Nature/God distributes talents UNFAIRLY and UNEQUALLY. Your spending power is directly related to your earning power. And your earning power is directly related to your talents, skills and attitude. Why should taxpayers subsidise you if you cannot earn enough to afford nice things?

[@Confidence_and_Fitness]

stop the online crap. go Hong Lim park and protest

[@bobguard]

Highest number of taxis per capita in the world is not a good reference as many large countries have large sparsely residential areas and many own cars as well. Should compare number of taxis in a large city to Singapore. However, I do support a review of the COE system. I know a lot of people who do not drive to work on a regular basis but use their cars on weekends with their families or when a necessity arises. Surely, this may justify an increase in the number of COEs and tax based on usage?

[@MED-fe1qt]

It’s silly to say that we “need” growth in the numbers of cars. How can you compare cars, which is a want, to housing which is a need? Let us also resist the temptation to inflate the government’s capabilities to provide better roads. The government is not expanding the road network as quickly as housing and population growth. Physically, there are real limitations to make our older highways larger - the ECP and PIE are the prime examples.

[@youtextmi]

If all is speaking about road congestion. Why not set the total amount of fix cars which is allow to be on the road. Example 100k cars private own only 50k for commercial use(phv/taxi) and once hit the number no more coe bidding until there is car up for scrap and keep all the cars in 10 years coe only once done they need to be scrap or exported. Not able to renew. Bidding is to be done by owner. Per owner able to register a single coe. For commercial gov need to step in to allocate which company are allow to have certain amount of percentage of that 50k veh allocated on the road. So every 10 years the gov needs to have a review and come out with a number of veh on the road.

[@edwardlumsianming3430]

Want to use own car just have to pay for it at any price at that time. Ten years down the road who knows. By then Maybe the state will be very concern about rising sea-level 😮

[@sleepy_dobe]

I have to strongly disagree with those experts who say that consumers would feel better to be able to buy a car cheaply, but cost exorbitantly to use it, while public transport is a convenient alternative for them if they don't want to pay the high usage costs. Ridiculous! If they buy a car, they will want to use it as much as possible, whether the car was cheap or expensive to buy. If they are discouraged to use it due to very high usage costs, they're going to be super pissed off. They're already spending money on the car, but now they "can't" use it and have to spend more money on public transport? Stupid! Idiotic! Please get into the mindsets of Singaporean car-buyers before suggesting something like this. Encouraging the current govt to try this is almost as good as encouraging an electoral revolt for the election that will come after this car ownership/road usage costing change. These experts forget that in terms of usage, there is already one existing component in place that affects how people use their cars. Fuel costs. You don't need ERP 2.0 islandwide to control usage. GPS signals aren't 100% reliable everywhere. What happens when hundreds and thousands of motorists start getting charged wrongly because the GPS signals didn't capture their locations correctly? But fuel on the other hand, the drivers pay for it themselves at the pumps. No worries about any signal errors, or anyone trying to circumvent any rules, or loopholes except those illegal fly-by-wire sub-par quality sellers. But they're not that pervasive and the police can deal with them if they become more common. Back to the point of usage control thru' fuel pricing. Increase the duties on fuel. Make fuel, and perhaps subsequently electricity costs thru the car charging outlets, more expensive. If it's very expensive to pay for fuel, drivers will plan their routes a lot more carefully to minimise fuel usage. This is deter, unless you're ultra rich and spend money frivolously, super short drives, unnecessary drives, inefficient routes, excessive idling, over-charging of your EV, etc will all naturally be closely monitored and adjusted accordingly by the vehicle owners. Not a magic bullet, but I think it sure comes a lot closer than all these rigid, inelastic controls suggested here.

[@chuandeang4122]

i kinda agree with your point of views

[@hobo2625]

COE on cat D is still very high. Motorcycles are for people who can't afford to own cars and have no choice but to get a motorcycle for transportation. Review policy to discourage motorcycle shops that cause high bidding on the COE price

[@KSKS-jh1fb]

Also as singapore had changed to a multi-nation country (multi-nation-singapore)so even with the saf soldiers also no use, it's the pap party mistakes and there's no way to u-turn back.

[@lumvincent7431]

Hope proactive intervention plan from MOT soon 😅

[@ysngngys7753]

why all uncles?

[@malcolmsim4081]

Clearly this can be a very emotional issue and could cost the gov in the GE.

[@scbchong6964]

A reality check is that those who were complaining in 2011 are still complaining after almost 15 years. A govt with backbone will continue to do the right thing instead of trying to please those who cannot be pleased.

[@AndrewTube]

vote wisely, only the rich can afford to drive in sg

[@scbchong6964]

@@AndrewTube But the PAP govt never stop you from becoming rich, right? Your spending power is directly related to your earning power, and your earning power is directly related to your work skills, talents and attitude, right? You can choose to work in private sector, civil service, SAF or start your own business. How much you earn is up to your efforts and skills, right? btw govt does not set the COE price. And the COE was low from 2018 till early 2022. If over four years you cannot decide to buy a car, the problem is not COE. The problem is YOU.

[@AndrewTube]

@@scbchong6964 if you extend your argument, you can say that if cars were a million dollars and hdb's were ten million dollars, how much i earn to be able to afford these is up to me and therefore my fault. Great logic.

[@scbchong6964]

@@AndrewTube But reality is cars are NOT a million, nor are HDB priced at 10 million, right? The reality is COE was low from 2018 till early 2022, and a fact that govt does NOT set the COE price. The reality is singaporeans now have too much cash and too little common sense and that is causing inflation. The reality is how much you earn is up to your own effort. So instead of kpkb and complaining, learn to use your skills and talents to become rich too. Are you saying you got no talent to become rich? Your pay is low for your entire working life?

[@wowokingxoxo]

If COE is $1 . nobody will complain. If the COE you bid for can be used by you to buy a better car, again nobody will complain. So therefore the complaint is the overextraction of taxes of which a large part goes into the reserves which you voted not to know about. The majority voted for this and this is exactly the cake they have to eat.

[@scbchong6964]

All these learned hypocrites forgot the real reasons for any inflation: too much cash, easy loans and fomo/Kia Su. The govt does NOT set the price of COE: it is singaporeans bidding against each other. And now singaporeans have too much money. CPF balances are now half a TRILLION. Wages and bonus have risen despite low innovation and productivity during covid. HDB BTO is subsidised heavily and property loans are paid out of CPF Ordinary Acct. And every month, about 40 singaporeans become millionaires from selling their HDB unit.

[@neutraluser4019]

Don't waste everyone's time....the purpose of the COE quota controls how many cars on the road and NOT the COE nor car prices. So no matter whether the COE is $1 or $1mil, the quota controls the number of cars on the road every month, get it? Not car nor coe prices regulates the car population, is the COE quota !...unless someone can come up with a new revenue machine that can give almost $5 billion to Singapore budget, any suggestion to reshape this COE system and reducing the revenue will not be accepted 😑🙄😒.....disallowed dealer bidding, pay what you bid, 90% deposit of your bid when bidding, loan not allowed on coe and have a closed bidding system to crash the coe prices.....those have one car in household will need to pay 20% more on the omv for 2nd vechicle....30% on 3rd vehicle..and foreigners at 60%.....and so on like property cooling measures 😀 or do balloting instead like properties, buyer for next car limits to X years later to bid.

[@philippelee5720]

If can do it for property surely not an issue for cars

[@khaosmue2114]

1. Increase the efficiency of public transportation to a point where commuters truly find it better than owning a car. Not making ownership of cars so expensive and inconvenient and everyone (including public transport users) suffers. You cant tell people to use public transportation when they are all squeezed like sardines and the trains breakdown once in a while. 2. Heavy subsidies for EV and Hybrid vehicles 3. Removal of zero growth policy, instead, limit the owner to one car per pax. 4. Make WFH mandatory and slowly move towards making it the main mode of operation.

[@scbchong6964]

You want heavy subsidies for EVs yet want to make cars expensive. Contradicts, right? And one car per pax means there could be 2 million cars. That's dumb. As for "mandatory WFH", you obviously not working full time yet nor have you ever managed, hired or trained adult singaporeans. Kid, you represent the poor reasoning and intellectual ability of young singaporeans.

[@khaosmue2114]

@@scbchong6964 lol. Let me tell u a story, do u think u are the first one who told me “have you ever managed, hired….?”. Before I took over my position, most “old birds” told me the exact same thing, that it can’t be done cuz of productivity etc…nahhh, the actual reason was cuz old birds want to feel that they are in control, for the sake of it. WFH is “unsightly” to them. First order of business after I took over was to rid most of the old birds out. Things have been much better since then. If you are wondering, I have been in management since I was 20, and now manages over 300 people. So if I can keep the company running profitable while majority WFH, there is definitely a way to do it for every other company, and has been proven when I spoke to other business leaders that companies are more efficient that way. So yes, I know what I am talking about. Has it ever occured to you that the inability to let the system run efficiently with employees WFH, could stem from your own incompetence to manage people well? That’s what I always tell people who are against WFH cuz of “management issues”. Next, when I mentioned EVs are heavily subsidised, obviously I do not mean charge overcharge the rest. There won’t be 2 million cars, cuz when you successfully archived good public transport plus cutting the need to commute to offices, naturally a great deal of people wouldn’t need a car.

[@edwardlumsianming3430]

200,000 also possible since resale flat are in the million mark do not underestimate the will of people😢😢😢😢😢😢😢😢😢😢😢

[@ChangeMustCome50]

Obviously minor tweaks

[@BomBomm12345]

curbing demand is of course a solution but curbing demand would mean COE price decline - end up gov receive less revenue - at the end of the day COE is said to limit cars etc but dont forget it is also a source of gov's revenue and why would they go with a solution to reduce their revenue

[@sokengng329]

During off-peak periods and weekends, there's not much traffic on the roads. Given that the purpose of COE is to control traffic congestion, are our roads optimally utilized? If not, are there better methods than having sky-high COE prices? There are many Singaporeans who wish to own cars to more conveniently ferry children and elderly (but have no time to drive much), yet COE is a pain point and causing much unhappiness. Maybe govt can look at revising the number of COEs to balance between traffic congestions and under-utilization of roads. Rethink the solution to meet citizens' needs vs road congestions. Under-utilization of so many roads are not optimal for our convenience and quality of living too.

[@scbchong6964]

COE price is not set by govt, lah. The high COE price is a result of too much cash in singaporeans' pockets now.

[@sokengng329]

​@@scbchong6964 Where is the cash if PHVs need 100% financing?

[@scbchong6964]

@@sokengng329 You forgot inflation is ALWAYS caused by too much cash, easy loans and fomo. PHV rental companies offer easy loans and cheap credit, right? Plus fomo caused by car chip shortage and supply chain disruptions, so PHV buyers did not have confirmed supply of new and better hybrid cars until Q2 2023.

[@markngteckhuat8139]

The few Prof only talk nonsense bcoz they r high income group, they can afford even higher coe. They can't feel the pressure n stress for normal income group tt required a vehicle in order to use to earn a living.

[@LonganLee]

5 establishment people and 2 sg businessmen. Very credible panel😅. COE and ERP is never a political issue based on the election results. 86% voted establishment candidates in the recent PE. Just say Bo Bian and you accept

[@edwardlumsianming3430]

Academic verse the policymakers verse the citizen 😢😢😢😢😢😢😢😢😢😢😢

[@womak366mak6]

Malaysian car and vans are having advantage in Singapore

[@edwardlumsianming3430]

My boss say do not compare . Own country with other country.

[@edwardlumsianming3430]

Once people pay for the COE, they will use the car as they please.

[@tanghoweing32]

My view is let the c.o.e rise to 0.5 million or more to 1 million and maybe 0 growth of car can achieve.Roads conjunction can be solve.This is what the government is trying to achieve for.

[@edwardlumsianming3430]

Authorized dealers are RUNNING A BUSINESS FOR PROFIT AND WILL DO ANYTHING TO SECURE THAT

[@anziar3038]

COE prices are getting higher, which means people in s'pore are getting richer. There are lots of job opportunities with high wages in the counttry. Wonderful! ❤❤

[@liamporter1137]

PAP, why not solve the high cost of living first. Housing and car are so ridiculously expensive.

[@scbchong6964]

No, HDB BTO is reasonable. It is only some resale HDB units which singaporean owners are asking for million dollars. Govt is not setting resale price of HDB, hor.

[@edwardlumsianming3430]

Put laws and offences into the SYSTEM 😢😢😢😢

[@edwardlumsianming3430]

If the state dares 10 years, only NO EXTENSION AT ALL NO USED CAR 😢😢😢😢😢😢😢😢😢

[@LonganLee]

We should find ways to blame the problem on PHV and not policies, rite? 🤣🤣🤣🤭🤭🤭🤝👌

[@horacesiow2151]

Current system just looks a limiting the vehicles. People want to own and drive cars. Government's role is to provide the solutions for them to do so and not provide solutions to restrict them. Solve the problem! Go for a 3 dimensional road network.

[@scbchong6964]

That's rather entitled thinking. You forgot govt does not stop you from taking jobs in civil service, armed forces, private sector or start your own business. Your earning power and spending power is directly dependent on your talents, skills and attitude.

[@horacesiow2151]

Once upon a time, we had a government who looked at all the problems that Singapore had and they found solutions for them. The CPF, HDB, SAF, Honest Government, Singapore's Refinery, Port, Airport, Education system, Health Care system, Water sufficiency, Tech industries, Greenery etc... etc., were all the work of leaders who worked hard and created innovative solutions that did not previously exist. They did not say, if you can't afford it, don't drive. They did not say, dealing with covid is too tough, so, live with it. If the current leaders, despite their high education status, cannot find solutions to our needs, they are essentially useless.

[@scbchong6964]

@@horacesiow2151 Citizen, it is the ever-grumbling "average" singaporean who is making a million dollars from selling his HDB flat. It is the finger-pointing singaporean who is rushing overseas for his expensive holiday and bringing covid back and infecting others. And it was LKY who said there are arrogant, unreasonable, inconsiderate, complacent and quarrelsome singaporeans like you who cannot be satisfied no matter what is done by the govt. Look in the mirror, be more self-aware before blaming the PAP, hor.

[@scbchong6964]

Singaporeans like to blame govt, but forgot that inflation is ALWAYS caused by too much liquidity, easy loans and fomo. These three factors came to a head by late 2022 and mid 2023.

[@edwardlumsianming3430]

Lifestyle, high salary, rich people DRIVES DEMAND😢😢😢😢😢😢😢😢😢

[@edwardlumsianming3430]

The problem is humans who take advantage and cheat the system😢😢😢😢😢😢😢😢😢

[@justinzy5]

I see mostly of the car plate starting with SNN with the most expensive COE have PHV sticker on them. 😂😂 you know who the one bidding so aggressively because PHV consumers are paying the price.

[@douglasang3527]

Just VTO PAP ! Change Government ! Talk is useless !

[@scbchong6964]

VTO? hahaha. You never see Opposition politicians use their high MP allowance to buy new car?

[@steventay5834]

PAP thinks we don't need a car lah

[@ryanyoutube7315]

Why think so deep.. 1 household 1 entitlement fixed. the rest bidding / absd.

[@scbchong6964]

Why should each household be entitled to a car regardless of their efforts at work, getting a job, saving, investing? Why demand equality when Nature/God distributes talents unfairly and unequally?

[@philippelee5720]

@@scbchong6964entitlement doesn’t mean ownership lar

[@LonganLee]

The elephant jn the room is the Quota is changeable. The 2nd elephant jn the room masturbating in one corner is if the reason is absolutely clear who or what is the culprit of insane coe prices, based on the actual data, why is there no curbing done? I think all these so called experts are funny🤣🤣. Better no curbing and just blame PHV. It surely cannot be the quota.🤭🤣🤭🤣🤭👍👏🤝

[@optiplex-zj5ib]

So finally, it looks like the Traffic Light System and Road Design is not efficient to move all the vehicles around Singapore. Thank to our not SMART Nation. So if increase in PHV = High Rider ship = People want to travel easy/fast = people choose Taxi/PHV because Transport system not effective. Its all about going to the destination fast, no rocket science.

[@edwardlumsianming3430]

Why LTA IS SILENT😢😢😢. ARE THEY THE BIGGEST EARNERS😢

[@scbchong6964]

LTA does not "earn" the COE. COE is rebated to car owners and can be used to offset cost of next new or used car.

[@kelvin.008]

O down-payment is another loop hole. Everyone can own a car actually, just need to do abit of Grab, do abit of delivery jobs.. 😂

[@Twodaae]

Agreed... should minimally make it 70% downpayment, max 30% loan! Better still, cars must be bought and paid in full, no loans...

[@edwardlumsianming3430]

My car left 2 more years. Over the years, car ownership has become more and more like a slave driver for the owner. Giving it up is like liberation. Those who ready need it sorry the economy does not work that way😢😢😢😢😢😢😢😢😢😢😢

[@LonganLee]

We must ensure no one can audit the COE in terms of who the bidders are and the Quota used?🤭😅 we must base on claims they make. And ban opposition from inspecting the data🤣