High COE premiums: Can families do without a car in Singapore? | Heart of the Matter podcast

[@bossbthk]

why wasn't this question asked to the get-go founder: is it fair that ride-hailing, and car-sharing companies should be bidding under the same categories and not separate category

[@genexizz]

COE quota for cars used for carsharing, rental, grab/gojek/etc should be separated and parked together with the quota reserved for taxis. Give family with young kids a chance to own a car. P.S. I sold my car when my son entered P1 coz I feel I can make do without a car. Not driving since 2017 but I empathize those family with a few young kids w/wo maid.

[@vincecarlo]

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

[@ttgleo957]

And why are families with young children more deserving of a car than any other individual or family types?

[@pokemonyu]

wait long long; slow slow wait..... it never going to happen.

[@AtLwB]

@@ttgleo957 lol dude, he didn't say they are more deserving. he just said that the quota should change. you have some reading problem

[@hiewkent1]

@@AtLwB sometimes you need to read under the line, i don't think he has a reading problem though.

[@kelvin.008]

Car ownership does not cause jams. Usage does. The reality is, everyone wants to own one. Make usage super expensive during peak hours😂

[@speed_freak_1001]

This. What COE does is introduce a 10-year sunk cost, hence people will go full-on kiasu and maximise their car usage.

[@teohyc]

High prices will continue to stay only because government wants the extra money, and will price it to whatever the market can bear, and beyond because they have the data that people are willing to pay. Government could have come up with ideas to solve the traffic problem without using monetary penalties. But they always go with fine-ban-tax solution because no thinking is needed.

[@vincecarlo]

Kenneth Jeyaretnam "Singaporeans get the government they deserve, so I don’t want to hear any more complaints".

[@EZJRVCXY]

Ask the MP and minister to take Public transport. It is a human right to own a car, who gives a damn about the environment or how small singapore is. Having a car, you get your own space, privacy as well. With COE as state revenue, yet GOVT still increasing Public Transport prices, it is just the matter of time that public transport will have the same fare as private hire fares.

[@koutanot]

“It is human right to own a car” - you should be a comedian. You are good

[@EZJRVCXY]

@@koutanot you obviously don't own one

[@mikegan9382]

Nobody stop you from owning or buying, just pay lar. Too poor also want to blame others?

[@chewkenneth]

The recent headline grabbing news regarding people having to fork out huge amounts of money when they get into accidents with GetGo cars is very scary too.. Maybe it's time for the authorities to look into this area.

[@TheGragoman]

I would have liked to hear more opinions on the privileged who drive up COE prices by having 2 to 3 maybe even 4 cars per household? As opposed to 1 per household (400,000 owners as stated) for the general population struggling to own one. As Steve says "it would open up a can of worms", but perhaps it needs to be opened, to ensure parity in the system.

[@royywj]

Thank you Profits Above People, solving issues by using money again.

[@llljjjyyyy]

Since the govt encourage more families to have kids, its up to them to help singaporean families who wants to have kids. As discussed here, this high coe is discouraging families to have kids 😢

[@terris-njw]

It's necessary because there are too many cars on the road.

[@josephyeo6966]

Funny logic - high COE = less kids. So in countries where there is no COE, there should be a population boom. No. High COE = less pollution from carbon monoxide = healthy environment = better environment for kids.

[@user47362]

I'm pretty sure 90% of families in singapore survived without a car 😂😂😂

[@david888a]

⁠​⁠@@josephyeo6966ya flawed logic …also that was not the government’s initial intention of having COE to fight pollution, COE was at $2 in 2008,u know it’s the demand for cars that dealerships bid to get it to $140K now,crazy.

[@vincecarlo]

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

[@evrenshistar5986]

the COE policy is more for the rich now, the common people will have to sacrifice, as the rich can afford a car for each family member.

[@david888a]

The common people with sound mind should not even think about buying a car, convenience is a high price to pay at $140K, I rather b inconvenienced

[@vincecarlo]

ASTRONOMICAL RECORD COE Prices. 171.5 MILLION collected in just 1 Cycle Extrapolate 12 mths x 2 cycles >4 BILLION 💰💰 Collected from just Printing " INVISIBLE " Paper 4G ADDICTED to 💰💰💰

[@jefri4176]

If coe not restricted,you will get super bad traffic jam. Look at Jakarta. 10 million population,3.8 million car registered. If too many cars and traffic jam,car owner will kaopeh again. What you want then?

[@evrenshistar5986]

@@jefri4176 the COE policy was good now askew to only the rich can own cars, only the rich can drive and the commoners take public transport, is working as intended

[@jefri4176]

@@evrenshistar5986 Same thing in Indonesia and south east Asian countries. Only rich drive car. But of course because the salary is much lower than Singapore. But cars also much cheaper though 😅.

[@CreativWyse]

All these stress is wiping out Singaporean existence. Now majority Singaporean can afford food, shelter, holiday but long term commitment of having kid even biologically cant produce. Strive to up quality of life not just $ angle. Time n health needs to be taken care also to qualify as quality life

[@romanceidiot]

It's not about whether we NEED a car... is whether the ultra rich NEED 5 cars per person. Why don't they tax additional car ownerships and let first car be ballot system for $100 registration fee, since balloting with quota can also be used to control car population

[@david888a]

You meant 5 cars per family n not per person. The filthy rich is not worried about having to pay extra taxes for additional cars,they hav those extra money that they can splurge. U think the Sg government will just collect $100 for balloting when they hv enjoyed collecting high priced COE to combat car ownership? Think again…

[@mattyg7475]

You guys gotta talk about Singapore’s weather…it’s getting hotter and hotter. Making it harder to want to take the public transport.

[@jefri4176]

Then what's the solution,don't restrict coe? Then traffic jam become super bad like Jakarta and other city? Then people kaopeh again why so many cars?

[@lzy245]

​@@jefri4176 The first comment talk about families with kids confirm siong one, they kena bring their children and strollers during peak hours with MRT and bus so crowded, plus weather also hot. One child still can manage, but what if 2 or 3, wah very tough leh. By the time you reach office, your energy drained liao. Going back work also same thing, face all these for five days a week. How to have balance work-life. Not sure got time to exercise or not. Got to have exception for families with children for sure. Last time during our parents' time, not so crowded, weather not so hot and the lifestyle also more relax one. Since our gahmen have one of the best think thanks, sure they can find solution one lah, just need to see if they are willing to sacrifice the income from the COE profits. Actually got some good ideas in the comments section too.

[@HoneyLemon27]

@@lzy245 can't agree more with your statement!

[@fc787761]

Only the rich can afford the car. And we have a lot of foreigners who are millionaires. They also take up the quota.

[@kelvin.008]

Not true, anyone can actually own 1, just need to do some deliveries and the instalment will be paid for. Simple.😂

[@david888a]

⁠@@kelvin.008ya, it’s very true, as long as one can carry the monthly instalment ,one can buy n enslaved to the car n forget about having kids…😂😂😂😂

[@enghockchua8230]

The ministers and civil servants can lead by example by taking public transports for work and transiting between meetings. The public transports are pretty comfortable as long as you are transiting between connected areas. There is a need to convince people and walk your talks. That will ensure improvements are quickly addressed because the impact is felt more quickly. Today, there is a lost of sense of the the ground as the group who are driving transportation policies are not affected by any shortcoming, so policy improvements are often slow and it is also often "I know it best" from people who don't take public transportations. Once in a while wayang wayang take public transport during non peak hours does not qualify you to know the ground.

[@ttgleo957]

The example that is being set is that you are welcome to own a car if you can afford it. And if you cannot afford it, you are welcome to use public transport.

[@jamesalexanderhuang1563]

Well said man, But what can be done? Next GE still same parliament same people, and the same comments, 'I know it best'

[@JC-kp3bf]

Maybe there should be a specific COE category for families with kids, or a partial COE-rebate

[@vincecarlo]

Will NEVER Happen 4G ADDICTED to 💰💰💰

[@michaelshih8163]

It would not work. Those who get an COE on the cheap would sell it for a profit.

[@wowokingxoxo]

if we learn how to share cars systematically, the cost can be divided by 10. The COE price needs to go higher for car sharing and PHV to reach tipping point where they become available easily. What is fundamentally wrong is that a good part of the excess tax monies collected are diverted to the pool of reserves to benefit future generations instead of subsidising public transport and or setting up a car sharing voucher subsidy system for the needy people.

[@cooper1819]

Fact is only 25% of households owns a car - 400k cars among 1.7mil household. It's just what is most efficient way to distribute use. A car that's use most of time is better than mostly parked, thats why çar share, PHV or taxis are more efficient use than personal car. Just like commercial vs private planes.

[@hengjessica5930]

To pay $140,000 for a COE, it is crazy !

[@vincecarlo]

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

[@zxgao950708]

Car sharing? Plz dun. For getgo, one flat type cost 900 while one door dmg caused around 30000 which can all be found on newspaper. Only the rich car afford the car sharing if got into accident

[@zxgao950708]

Forgot to say, just these companies like getgo and grab, take most of the coe, they use the money from the investors and invest in the bidding for coe. Normal ppl like us how to win the bidding, and they will charge u high to offset the money they invest on coe and car. Actually we are paying for them as we use their service, in the end, the car coe will become their own property

[@vincecarlo]

SCAM

[@eddyzulkarnin8233]

Singapore being the most expensive country to buy a car but i dont understand why our taxi & ride hailing fare is not the most expensive comparing to other develop countries. Take example, Japan, Australia, UK, the fare is reasonable for taxi, ride hailing for driver to make a living. Even foreigner saying that our ride fare is very very cheap here. Stop exploiting our poor local drivers with such cheap fare as we are already in 2023.

[@vincecarlo]

@@eddyzulkarnin8233 ASTRONOMICAL RECORD COE Prices. 171.5 MILLION collected in just 1 Cycle Extrapolate 12 mths x 2 cycles >4 BILLION 💰💰 Collected from just Printing " INVISIBLE " Paper 4G ADDICTED to 💰💰💰

[@CreativWyse]

The way singaporean suffering stress, having kid is out of question.

[@chitrachannelvlog4822]

Owning a car means mobility, the freedom of movement, I bought a car KIA Spectra 1.6,, 2008, for only RM4K, park in JB, its an outlet to let go my craving for driving.

[@danielmendes2162]

As someone that’s been to Singapore as a tourist. I was able to navigate the transit system very easily. If I was living there full time I reckon I could do without a car. However I also acknowledge that not everyone can do without a car. Overall, it depends on the person’s preferences and their personal circumstances.

[@lauriek.gilbert2597]

I lived and worked for 20 years in both Hong Kong and Singapore without a car. Public transport was good in Singapore and absolutely amazing in Hong Kong and any time I needed a van for example, to carry photographic gear, I just rented one with a driver which also solved the problems of parking.

[@christyhilton1919]

I've moved overseas now. Change new car every three years. I feel so blessed as i no more face no stress from this COE issue. Take grab when back SG for holidays. The COE will only increase as more foreigners come in. Our land size dont help.

[@midascollector]

Which country you moved to?

[@brpugonlatour1636]

I want to go there to buy many sports cars and houses!

[@kato1557]

Steven is like those asian uncles at Chinese New Year gatherings passively pressuring you to have kids or more kids by constantly asking you. Anyways, I am a university student and myself, including my peers I have spoken to, totally do not plan to have a car. Some of us perhaps related, also do not plan to have kids as a result of the high cost of living in Singapore. So kudos to the government for impacting their own population growth.

[@libiskit]

I would just say that having children is a good thing as long as your household income is 10k min. don't have the mindset that children are impossible to have. Unless you are so self centered ( and I don't mean it in a bad way) that you prefer to focus on yr self or you have childhood trauma that discourages you from having kids😊

[@ahnfarhan1986]

Hahaha

[@dom7452]

At the end of the day, cars are both a liability and luxury item here in Singapore.

[@Paul-H-Wolfram6608]

If you want to live in Singapore, forget about having a car unless you are rich.

[@kelvin.008]

Not true, 0 drive away. Do some deliveries, instalments will be taken care of.😊

[@dennisgohyahoocom]

Cost should not be based on ownership but on usage. The whole point (the official narrative) is to control cars on the road so our roads dont get choked. Ownership doesnt choke roads, usage does. Just extend the erp system to all roads and have a dynamic charhing model based on prevalent traffic conditions. More cars on road higher pricing for that stretch. Have an app that allows ppl to then choose route based on fastest time or cheapest price. Cheapest price means lower traffic roads ie. Traffic loads get distributed more efficiently across the road network as well as over time of day. The technology is there. It isnt high tech. Of cos this means money in govt coffers trickles in instead of massive chunks every month. I think thats the real issue why not?

[@david888a]

Idea seems fair but the sad truth is,people who forked up $140K for a COE would worry about paying high ERP? No, they will still drive like there’s no tomorrow although they might bitched a bit initially,,.even higher road tax would not deter them from buying n driving a car in Sg. no sum game…

[@vincecarlo]

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

[@sleepy_dobe]

It cannot just be based on usage alone. If ownership has no control, then you will have a lot more, way way more cars on the road than now. And you will then have heavy congestion on every highway, the popular places, and the CBD areas. Without even talking about the cost that congestion will put on our economy - buses and commercial vehicles stuck in jams, late deliveries, higher cost of goods delivery etc - would you as a driver be ok with being stuck in a jam, taking a much longer time to get to your destination even though you have a car that should mean more time savings? And the land required for more parking? Fuel burned and extra exhaust pollution when you're in a jam? It isn't that simple nor straightforward.

[@CMCJJT]

In HK, cars are relatively cheaper to buy than Singapore. The effects are parking cost and the costs to own a carpark lot shot through the roof, in some areas close to the price of a dwelling unit, and become a speculative real estate itself. Defeats the purpose of your proposal - make cost of car ownership cheaper than its usage.

[@sleepandrelaxation3395]

An unused car will take up parking space which is scarce in Singapore. So taking this option will simply drive parking cost up.

[@anglo-saxonconnor817]

Some families can but most families won't and will not give up on cars so their willingness to bear more Coe cost will override their reluctance to give up on cars. It is another form of price increase in one of everyday life area in the end. After all it is in human nature for people to upgrade and enhance themselves in life to move up the ladder in the workfield in order to have a better quality of life. No one can stop these people at all.

[@jacksonwong90]

The govt can stop anything if they wish , u have friends in burmingham uk , most woman ends up in part or full time prostitution because of govt tax profiteering , target to benefit n self interest all at the expense of it's people , a super small unit cost $5,000 rent a month when their salaries are super hight of around $3,000 .

[@seanlingham5254]

The reason the premiums are high is because all these commercial vendors are bidding in the same category for the same supply group. So naturally, he'd say let me bid cheaper and you use my service.

[@kiatsan5781]

Simply put. It's mostly "wants". Buy a car if only you can afford to. Don't complain about COE.

[@PVLTD]

The number of availability of the COE is pretty much fixed every month. Whether it’s $1 or $500k per COE, the total number of cars on the road will not change. If the government feels that the road congestion is getting bad, they can adjust the number of COE available for biding for coming months. It’s a perfect formula for controlling the number of cars on the road to prevent congestion and pollution. But the question is, since they have a perfect solution and formula to control car population, why car owners still have to pay so much taxes for their new cars? Whether the additional taxes for new car is 1% or few hundred %, the total number of cars on the road is still the same. Hence, the only difference is the tax revenue and it has nothing to do with congestion.

[@sleepandrelaxation3395]

Well, if you think about it in more depth, reduction in tax will likely transfer to COE. If all the car buyers are willing to pay up to $200K for a car, even if the car price drops to 0, the car buyers will simply bid more (up to their budget) for the COE in order to secure the purchase.

[@tonykwok9763]

SICK GOV

[@vincecarlo]

More like ADDICTED to 💰💰💰

[@Teo-wb9yp]

Car ownership is a private cost whereas traffic jams are social cost, air pollution caused by exhaust gases which is also a global issue of carbon emission. COE is interesting and unique Singaporean way of tackling the complex problem faced by modern cities around the world.

[@jamesalexanderhuang1563]

Well said, But you forgot to point out the key point, which is the carbon emissjon don't reduce, govt pocket gets bigger

[@david888a]

$140K for the COE, n yet people r still buying car n still traffic jam. Dont think the COE policy to reduce cars is working then again it’s a cash cow to the government. COE was $2 in 2008,,hmmmm

[@jefri4176]

Singapore traffic jam? No lah,that's not considered a jam. Try Jakarta 🤣

[@YangGQ]

Not $140K. $4.7Billion per year. In 2024, the Singapore government expects the revenue from Certificate of Entitlement (COE) to increase by 1.3% to $4.73 billion.

[@wongcw08]

And it is RM56k for a Tesla Model 3, latest model, on the road 😮

[@deschan2246]

Singaporeans Standard of living dropping ..... high gdp does not reflect on true Singaporeans standard of living

[@vincecarlo]

Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

[@lamjianyuan]

Hi bro, you so right. The pap and lee are the most bad peoples in this corrupted world.

[@franktan4619]

Car sharing is not wise! Think abt the liabilities when there are knocks or accidents. Just simply take a taxi! I won't even borrow a fren's car.

[@wendyshoowaiching4161]

Set an Endowment Fund to off set High price. Driving is compulsory in Singapore. Although they have MRT every areas still too far to walk to places you need to reach

[@leexianlong6855]

Singaporean car owners must protest and vote against any PAP members appointed into LTA. Do not trust PAP. Do not vote PAP.

[@Trinetra3382]

when you have to bring a heavily sick family member to the A&E at SGH etc in the dead of night, no amount of taxi booking / grab booking is going to make up for the convenience of immediately be on the go.

[@Redsunns]

Just make sure the Rental and PHV companies do not keep stirring up the COEs...

[@kyrotce]

If COE numbers is limited, there is no reason to allow commercial that procure for profit to be group with private user. Period.

[@lecherhao86]

I have two kids. We have been using public transportation and never own a car before. Even travelling with them when they were babies wasn't that difficult at all. I have adapted to whatever challenges come. And mind you, i often bring my two kids out by myself. Just a tip to other parents - just don't be bothered by the people around when you travel on public transport. You just focus on taking care of your own kids. There were even times that my baby cried in public transportation, and i got really kind elderly who came over to entertain them or to extend a helping hand. I guess it depends on individuals but for me, i am mindful that some people dont like the cries but i don't feel stress at all when my baby cried in that enclosed space. Haha.

[@MaxGarmin]

One scenario where the COE will fall like a rock is when the global economy goes into a Great Depression with all the PHV/ Car Sharing companies goes bust and the Singapore economy tanks. Pretty sure that the COE will hit a all time low.

[@clementckw]

here's an idea - give the parents for every singaporean child an entitlement to buy a car - this promotes fertility rates, & for those who still don't want to buy a car can sell this entitlement on the COE market and make the profit - this gives further financial support to the family, and further incentives having more kids

[@user47362]

Can you imagine the queues that are going to form outside schools in the morning? Every single child will arrive in their parent's car, good luck to traffic around that area.

[@ttgleo957]

It is extremely sad if couples will only consider having a child when they are guaranteed a car. If cannot afford, just don't have children.

[@clementckw]

@@user47362 ok can imagine, and then? thats a minor problem, im sure not everyone will use their entitlement if they prefer not to have a car, further there will also be students that stay near by schools and wouldnt need to drive there, all it does is it just gives parents the option to send their kids to school - why should we deprive them of doing so just because of "expected" bad traffic? that's a secondary concern imo.

[@david888a]

⁠@@ttgleo957else stay single n buy that freaking car…. Cars over having kids….smh..

[@clementckw]

​@@ttgleo957 well, the same can be said about any financial incentives that we already provide to parents via baby bonuses and the like. your argument is too simplistic and slippery because I doubt people would have kids just because of any incentive alone --The way i see it the incentive does help to alleviate some of the concerns about having kid, but I certainly wouldnt want to have kids just for that reason alone. In any case, in the roll out/announcement of this proposal it should always be reinforced with public education that they should think of other considerations before deciding to have a kid - which should align with how the current financial incentives should be thought of anw. Also, to clarify, I didnt propose to guarantee a car - i propose to guarantee a COE instead - you will still need to purchase the car and maintain it. It is unlikely that everyone will want to exercise it because of the additional expense and trouble. And if you sell it back on the COE market, essentially the COE revenues that would have otherwise gone to the government goes to the parents to support the child - think of it as a redistribution of tax monies to support nation building.

[@kennySg101]

The focus should be on commercial vehicle especially vans as it increase transportation costs. As a result, everything is more expensive.

[@antonioburgess-kim3030]

The largest argument for COE is that without it Singapore would have unlivable traffic due to the population and size. It needs to be remembered that it is a blunt tool to reduce vehicle ownership and in turn usage, this would have been necessary when it was first devised as technology (GPS tracking etc) was not as advanced. However, with the current technology available such as GPS tracking, the internet and smart phones it would make much more sense to remove or reduce COE and directly tax the usage. An example of this would be variable usage charges per km based on how busy each sector of the road network is (for example during commute times higher fees for travel to business centers). This would still provide the financial incentive to use public transport etc but allow people to have a vehicle for emergencies, family excursions etc, many that would occur outside peak demand times.

[@DonYang73]

Maybe the Govt has not realised that many things are a fine balance and correlated to each other ? Roof and Transport are two of the key concerns. An unmet balance leads to the end result of a dwindling Singaporean population and bringing in new citizens isnt the long term solution. We need to address these concerns quickly and strongly.

[@pokemonyu]

I have never own a car in Singapore for the past 22 years. My son is now 22 years old and my daughter is 20 years old. No one need a car in Singapore. Car is a liability.

[@tankman20064]

More like cannot afford

[@lecherhao86]

Uncle. I have two kids as well. I can't afford a car and don't think of owning a car. Life goes on for me, and mind you I do bring my kids out only my own very often.

[@benchiaase]

The thing about car sharing/ride hailing is that they still require a degree of planning. But life is not always predictable and sometimes you literally need to get somewhere 'right now, immediately' without warning (for example, to hospital), and car ownership allows for that.

[@bxnlxxng]

It felt like they were holding back on certain areas of this discussion.

[@jacksonwong90]

Don't forget transport fare increase , conservancy charges increase with estate getting much dirty than before after cost increase , higher cost of much SMALLER hdb flats with very heavy "" grants "" n "" subsidies "" Water and gas price increases , ministers salaries increase , higher housing , education , and car loan interest rates , Higher cost of education , alamak lots and lots more suffocation , struggle , stress , suicide with "" smart "" voters . During election most benefit with buying votes with vouchers and gets slaughter repeatedly again and again . Well done singaporeans .

[@scbchong6964]

But you forgot singaporeans now got too much money and fomo. Singaporeans got high pay and every month 30-50 citizens sell their HDB unit for a million. Why blame govt when it is YOU who are bidding against each other for car COE?

[@baelidays88]

Sharing car is like sharing toilet 🚽 if someone peed and dirtied the toilet, you rely on the cleaner to clean but sometimes the cleaner missed a spot and you still need to use it 😅 and yes higher COE it does affect the birth rate of Singaporean, also electric cars need electrical bay to charge not like landed houses. Not to mention the joy of Singaporean to be able to drive in Malaysia to Thailand, to Himalayas by car and train driving a car in internationally and not being branded as worst driver in the world anymore. ( i had driven in Korea, Japan, Malaysia) and car sharing cant do that.

[@alanbak167]

Who is the one who holding the coe not using it, and how coe go to taxi phv car sharing and who is registering more car monthly compare to private.

[@happybird888]

Government should look into those small companies. They needs vehicles to operate. Many of these companies will cease operation if they can't afford which leads to laying off employees.

[@razjackson5825]

The traffic in Auckland is worse; there's only 1.7 million people but 1.4 million motor vehicles (there's fewer than 1 million motor vehicles in SG). Having said all that, the govt should come up with a scheme to make it easier for families with kids to own a car! SG already has so many good preferential schemes for things like housing, I'm sure they can figure this out.

[@tankman20064]

They keep cars😂😂😂😂😂😂😂😂.

[@tankman20064]

Auckland big land. Lucky them. We got smelly MRT lor

[@kentohfu]

Gov should promote child car policy

[@mindful47]

Living in Singapore, it's easy to feel poor. This country is ridiculously expensive . Its difficult to call this home. Especially if you've travelled enough , u know theres better places out there.

[@Farmersyoungseniors]

The 70s, 80s, 90s very different. Your parents have to handle transport themselves because public transport not there. Now government and PV provides, user only pay for these rides

[@tankman20064]

70s and 80s no COE leh. CAR very cheap. $20,000 get already. FULLY PAID

[@Farmersyoungseniors]

@@tankman20064 yeah cheap but many cannot afford. Now it’s expensive and many still can afford. How?

[@spellsandcharms1]

I’ve 5 kids- 5 boys… 12, 8, 5 and a pair of 2 yr old twins. Trust me, u won’t want to be in a car with them.😅 the public transport works very well for us. It spends their energy very well. They loves it and they r more independent. Us, the parents, we get to stay very fit travelling around sg with them. 😂 I’ve a stack of stickers, books and toys to entertain my twins on the train. With the double pram I can’t get on buses now. So it’s mrt and walk. Anyway, at middle age, I need the exercise. But honestly, it takes a lot of resilience to do that… I’ve very crazy days when the kids r cranky on the train. 😢 ps- I’ve no helper too.

[@david888a]

I hope the dad that’s on the program read your post,if u can do it with 5 kids I don’t see why he can’t do it with one. Saying that inconvenience without a car might made him think twice of hving another child . His head needs to b examined,😂😂😂😂

[@lecherhao86]

Sir. Huge respect to you! I have two kids. We have been using public transportation and never own a car before. Even travelling with them when they were babies wasn't that difficult at all. I have adapted to whatever challenges come. And mind you, i often bring my two kids out by myself. Just a tip to other parents - just don't be bothered by the people around when you travel on public transport. You just focus on taking care of your own kids. There were even times that my baby cried in public transportation, and i got really kind elderly who came over to entertain them or to extend a helping hand. I guess it depends on individuals but for me, i am mindful that some people dont like the cries but i don't feel stress at all when my baby cried in that enclosed space. Haha.

[@slackingdracoola]

tried experimenting without car for a full year .. at the end of it both me and wife feels for our family we need the car😅.. public transport is ok but sometimes when u need it the most, its not available readily.. even with e hailing sometime there are no drivers around to take us especially certain time of the day or area ... well anyway it all depends on the dynamics of each family.. we also have family friends and relatives across the causeway so it was tedious and such an inconvenience for us to travel to and fro to meet up... so we got a car the following year and never ever discuss about being without car ever again

[@o0ohwyo0o]

What about those that need a car for work?

[@david888a]

People in sales that need a car r being punished by high COE, they probably get to write it off as business expenses or subsidized by the company they worked for hence good n services r jacked up too. Revolving doors…😂😂😂

[@bobafett5757]

*DBS Aps ATM still down ? Whats happening anyone knows ?*

[@flatcoin13-mt3jk]

COE for EV with battery powered and fuel cell power shall be differentiated for Net Zero target ahead

[@vincecarlo]

Hah Hybrid is the Way to Go. EV Road Tax is HIGHER by >2x. RIDICULOUS When Road Tax is Tagged to Carbon Footprint. Insurance also Higher ~ 50-60% more NOT Forgetting Tyres need to change every 15-20k km. Charging is A PAIN. Oh Wait.... 90+% of ELECTRICITY Generated in SG is STILL NOT Green UTTER RUBBISH on the PUSH 4G ADDICTED to 💰💰💰

[@lengho6294]

How many emergency cases u hv out of 365 days?

[@lollipolli73]

Ceased all the idiotic PHVs companies and businesses and the COE will be back to previous years of normal high, not now with astronomical high.

[@cooper1819]

We have to realize that most Singapore household does not own a car - only around 25% of households. So with all these talk of trying to own a car, is actually at very privileged stage. Should realise if is too expensive, then try be like rest of 3/4 of our households who try to find ways to make do with our public transport and other sharing facilities, including monthly renting if needed.

[@Li-ty4ve]

80% of population live in HDB. What is the ratio of HDB owners owning cars?

[@cooper1819]

@@Li-ty4ve Would think that 10-20% of HDB households own cars looking at the HDB carparks available, which season parking is always full.

[@Li-ty4ve]

Private homes car ownership, I think, is 60%.

[@Li-ty4ve]

The price of car ownership, in cash outlay and opportunity costs, is close to new HDB flat purchase. Or a substantial sum. A mean test means for income and disposable wealth in kine with gov desire to see thru car lite policy.

[@tanraymond6567]

Using Car sharing very stressful, sometimes you can’t finish the job in the rental time , you need to rush back because someone has booked .

[@MohdQil]

Its okay, just have to pay extra if you return late lor

[@shalinicarnis]

Keeping the high cost and other money or convenience factors aside, SG is making current and future generations make do with the bare minimum of what we can afford, in this scenario killing the dream of owning even a used car as an individual

[@vincecarlo]

Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

[@PTYC933]

My simple mind believes that housing and car ownership is a basic need, especially for caretakers, but the idea has to move forward, if we think that hdb is a leasehold then the sale should go back to gov, then gov gets to resell it, control the price. SGcarmart has a curious video about kinto car leasing with its service apartment like hassle free leasing, at the 150k cat b coe, that seems to be an option for longer term car 'sharing'. Don't think getgo or bluesg is the answer, have to clean every time. Replacing private cars on the road with public cars yields similar congestion and carpark issue. My simple mind says that the gov has a solution, just need to work out execution or abuse prevention. Cars also have to evolve to meet our long term goals, downsize them to mini evs that can do maybe 200km range, takes up little space, doesn't go too fast. After all if ev thought us something, it is torque and pick up that matters, we are not racing, 200nm maybe enough. If you want more parents and more babies, roll out a good hdb plan and car ownership plan. If you want children to take care of their young seniors, same plan.

[@justinzy5]

Car sharing worth if you don’t get into accidents or be prepare to paid at least few K of repairs. With so many car under their hand they can’t check if the car is in working condition until other users report it. Especially wheel problems.

[@taroonbali]

come to think of it, it's really surprising there aren't differentiated measures for families with older parents or multiple young children. housing, taxes, even maid levies take into account differing social situations, car ownership should follow the same logic

[@LonganLee]

The world highest tax on cars for 10 year ownership is a great stroke of genius because now even car owners earning good money are Grab drivers or for food deliveries or parcel deliveries. These extra wealth earned should contribute to nation building . COE is high but singaporeans are rich. So, i appalud the COE system. ❤ We can petceive the cause for high coe is due to mainly the dealers. This way, we wont blame the wrong people accidentally. The COE bidder database contains every detail what is the cause plus info on how Quota is set of changed determines the COE valuation. In God we trust. In PAP we Believe. As long as we regard every thing in sg as Boh Bian, then we will Accept it and this is a Democratic decision. Well done. China is a democracy in terms of the overwhelming strong support by the super majority china people by way of their Acceptance of the system in terms of Non-Retaliation and in fact many are diehard supporters of their One Party CCP. Democracy need not have elections. One party is all you need. Boh Bian ,Lan Lan DuLan are all forms of Acceptance.

[@YangGQ]

Agreed - if you really want access to a car - become a part time Grab driver.

[@Farmersyoungseniors]

Government weekend car scheme is very good. Should promote it more with higher incentives

[@ooops15]

Nice important podcast but I didn't hear any real solutions. Traveling without kids is easy in Singapore even during rush hours but unfortunately having kids is a different ball game. There is no way I can get in to MRT from after 730 am is always packed. The same for the bus from 730 to 930 am all full or with the stroller already. So how to get to the Dr appointments, preschool etc etc. The time travel will be really long and frustrating. Gov is trying to encourage to have more kids but maybe instead of bonuses they should lower COE for families. Especially to carry small kids. I would implement: -Lower COE for families only (up to age 7 discounts) -Designated and separated space in each MRT train to fit strollers. -Redesign buses so they can fit more strollers. -Grow Get go services even more. Help them to grow. - Discounts for families to use Grab.

[@cayuminagamura7827]

If I want to share, I would rather take a cab. I do not need to worry about driving to and fro. Car sharing will not be cheaper in the future and like other stuff in Singapore, the price of car sharing will increase too.

[@vincecarlo]

Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

[@emperorking7255]

Singapore government should make PHV #phv #lta #eletcricvehicles all have different categories of COE. Different coe for PhV and electric cars please ! Singaporeans wake up and vote wisely

[@frankauerbach]

Singaporeans are good at wasting money. Paying $1.7 million for an EC when they can get a 5 room HDB flat for $500k is a huge waste. Safra and Activesg sports centres in the neighbourhoods are packed with facilities if families need to use them.

[@dannydman5345]

The total number of times, "you know" combined from all 4 gentlemen can be as the same number of our COE. 😂

[@leesweehuat]

Set up a co-operative to lower cost of car rental, where rental cars are available in all car-parks with more than 50 or 100 car park lots. Look at any car parks, up to 10% to 20% of the cars are left unused in all car-parks at all time. If car rental fees are similar to or lower than taxi fares, there will be much less need to own cars and leave the car unused 80% or more of the time. Owning cars will be left to the rich, but driving cars will be available to most people.

[@johnpasir3207]

COE is a Tax... so let the government collect tax on (most of the time) unnecessary items like cars and reduce it on things like GST instead. the CoE should be multiplied with each car per household. for example 1st car 100% 2nd car 150%, etc... and car sharing (taxi?) schemes for professional use only should be at 50%. There should also be some scheme for families with young kids or elderly with mobility issues. Ultimately cheap car sharing schemes is the key on such a small place as SG.

[@deschan2246]

Families can do without cars, business, food operators cannot. What would they do? Charge COE prices to customers thru price hike !!! Thats how government induced high cost of living

[@keepgoing335]

I enjoy watching Julian's car reviews, and even more I appreciate his advice on holding off on buying a car.

[@ahnfarhan1986]

Awesome conversation

[@mpdmpd8118]

if everyone in SG having a CAR there is no point driving..all will stuck in a JAM ! lol XD

[@dlsutriskelionalumnus801]

Lived in Singapore for 9 years … never had a car and never found the need for one. Transportation system is super efficient and accessible.

[@anglo-saxonconnor817]

You do the jobs that Singaporeans do not want to do or is unable to gain entry into due to their policies crafting meaning during those 9 years you are in Singapore you work either in retail,service or high end MNCs industries. You either cannot afford to drive a car in Singapore or you are able to earn enough to take private and public transports without the need to feed a car. However Singaporeans alot of them work in out of places military camps,do brokering and estate speculating professions or hawkers where they need to be on the move constantly and to move goods all the time. They also aged and settled down in Singapore permanently which by then they will need to go for more medical appointments in life etc. You cannot compare yourself to them in an objective and fair manner.

[@vincecarlo]

@@anglo-saxonconnor817 Yes, Well said Many EXPATS come here for a short work Stint Lease apartments NEAR MRT paid by Company so they have NO Need for a car.

[@Shamo-yc4vy]

Its does make sense a family of five children cannot afford a car when they need to pay for people carrier maxi cabs and may not be able to bring 2 child seats with them. Same for families with disabled or special needs children. but if your rich you can have as many cars as you wants. It's not fair on ordinary families. Max two cars per family even if you are rich

[@jovenang7811]

There is the GrabFamily option for 7-9 seaters. It's not about making sense, it's about knowing how to manage it when the situation calls for it...

[@kelvin.008]

And the loophole of zero down payment as long as the financial institution is not regulated by the MAS..

[@klby30]

If COE could be changed, wouldn't it be better to set aside at least half of the quota for people who really need the car? Maybe a first come first serve basis and by providing LTA with sufficient documents/proof that this person travels more than a certain mileage per month, he/she will be eligible for a lower priced COE.

[@princevaliant]

Just like PMD and PAB, once you use it, those with fine legs also become handicapped. They don't exercise their leg muscule and the muscles weakened so it's become harder to walk and lazy people can't stand hard things.... Most family still take public transports even going yo hospital for emergencies, many even took 3 4 children along. The guy with only one baby, he just too spoiled sadly. Car is still just a choice, not a need.

[@lamjianyuan]

After so many years, what has the pap,lee, tharman and teo DONE or served for common singaporeans? Nothing even at all.

[@jefri4176]

70.41% are happy with tharman as president. So you are the minority 29.6%?

[@michaelshih8163]

Of course, families can live without a car. Just as famlies can live without a income or a home to live in. You probably would not die without either. But you would suffer a lot. The question "can families live without a car" is silly.

[@k3nutube]

I own a car but use public transport , car sharing, hailing services at times too. I like the point of Adaptability... Note that we have so much transport options in Singapore. I personally prefer point to point like BlueSG, is a best model and cheaper too. I don't have to pay while not using the car and not obliged to return it to the same location.

[@clementckw]

but the problem is these cars are dirty and poorly maintained due to the lack of ownership, and when you get into an accident - whether it is your fault or not - the liability and risks are not worth it. overall i dont see car sharing as a viable sustainable option.

[@jovenang7811]

But BlueSG has monthly membership fees, if that part can be waived, then at least it can be comparable to taking ride-hailing services...

[@k3nutube]

@jovenang7811 subscription is only 8 per month, if you use bluesg a few times, it's still better than ride hailing... specially during peak hours.. way cheaper... only caveat is if you can get a vehicle and parking available.

[@exploringapis4495]

every single person in this podcast drives a car. Interview the regular folks with no cars.

[@ben.s.s]

The cost of owning a car is primary driven up by car rental (sharing or phv rental) and even private car owner phv. When a business do not have to justify their cost , passing down all their cost to the consumers, then they don’t have a cap to bid the COE. Private car owners with the exception of ultra rich will eventually be bid out by the PHV and Rental companies. Putting them (car rental and phv) in a separate commercial category is the only way out of this, so the business can be controlled by the natural market, that eventually taking a phv or rental will be more expensive than owning a car. I don’t know why such simple economics noone in the authorities can’t seems to see it. And for the people who say this doesn’t affect you because you take public transport. Remember everything in the consumer market require logistics. When all coe goes up, so will your goods delivered to your home or even to the supermarket.

[@VioletCandyz]

Singapore is an Island surrounded by water but we never considered into expanding our mode of transportation via waterways hmm...

[@tankman20064]

Water also jam lor.

[@VioletCandyz]

@@tankman20064 lol 2030 EWP electronic water pricing

[@papichoku2442]

Government needs to revamp the COE system. It’s 30 years old and today unlike in the past, the fleet management business model like private car hire companies are driving the COE prices to record levels leaving families who needed a car not able to afford one. Fleet management companies can bid as high as they want as long as they can rent out their cars. The higher they bid, the higher they charge the rental to pass on the higher COE cost to them. So these companies need to have a separate category of COE so they don’t mess up the COE prices for individual owners like families with children no old folks who needed a car. I am sure the government is fully aware of this but maybe reluctant to make any changes due to the potential huge adverse revenue impact for the state coffer. Until the crazy COE prices become an election issue, I think nothing is going to change. Increasing COE supply did nothing to stamp the record prices. So what’s the point of doing it just to show the government cares and is doing something? If you do something and it doesn’t work, why waste time? The crazy COE prices make Singaporeans and Singapore a global laughing stock.

[@JamesLee-gz6xb]

I have driven for many years and now taking train daily to work for past 5 years. Partly of super high cost and also to walk as healthy lifestyle. I appreciate the transportion system very much with aircon buses and reliable train arriving within few minutes . I am not bother the by few discruptions ocassionally as i acccept things do breaksown and the response by agency to it was satisactory. The current policy of COE will still make people who can afford and business or individual who need it to buy a car . Rich people want it. Business people need it. Individual need it . The system need to fine tune not to allow for commercial biddiing that lead to high COE . Is a natural aspiration for people to own a car and enjoy the thrill of driving a car on our nice expressway and clean road. Please come quickly with a system balance for road usage charges in day and night besides high taxes through COE. If this is not solves many unhappiness will accumulate and cars will be super expensive in one and only country.

[@vincecarlo]

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

[@AhLiang08]

The COE system is a cash grab, but there are ways to save it. 1) pay as you bid, 2) multiplier for each additional car per registered address, 3) one exemption or discount per address, given 2 or more kids under 12, or anyone with medical mobility issues. No more dealer or group bidding. Make it so the buyer is bidding directly so it's more transparent. If you want to reduce car use, you'll have to either distribute cars to those with high utilisation and use case or heavily invest in public transport to make it convenient and better connected. We should aspire to improve quality of life, not price the majority out of comforts.

[@YangGQ]

Not $100K+. It $4.7Billion per year. If we halved COE prices, the government has to find another $2.5 Billion in taxes to balance the budget. In 2024, the Singapore government expects the revenue from Certificate of Entitlement (COE) to increase by 1.3% to $4.73 billion.

[@anglo-saxonconnor817]

❤ I still believe the best way to solve and slow down problems in Singapore is to give pap a existential crisis scare from time to time to prevent them from getting too comfortable and big head in life. When General elections come just don't vote for pap. Don't worry it won't be able to stop them still being government as they will always have a big base of hopeless diehards and Paul Lampard to support them. But when enough votes is against them they will notice it and pap will try to be nicer to you in order to keep on being in positions of power to keep themselves rich.

[@lamjianyuan]

Hi bro, you're so right. The pap is the most Worst, moneyface and most bad peoples in this money world.🍍🍍👎👎