the COE alone for a small car here costs more than a luxury car overseas. cost of living gone mad....
you can buy better gear but you can't buy a better eye
Actually I don't ask for much lah, not trying to oust the governing party out from the legislature parliament or anything though I would like to see some much desperate and needed changes by pressuring them thus my perfect scorecard for 2016 is 50.1% : 49.9%. For their credit in what was once a inconsequential island nation, we do own part of our success as a independent and sovereign city-state to them.
To be fair....they are in the failure of their own succes. ....they have succeed in progressing the nation and build the world best infrastructure....the current Coe system is in place to curb the traffic in land scrare sg....u don't hear much grievance few years back but after they increased the wealth of the people....everyone rush to buy car....buy house....condo....landed.....and later on private jet and rocket......I am sure they will listen if someone have better idea than current Coe system.....they is no point in sacrificing majority to pleased the minority. ...
The problem and triumph of democracy is that the people get the leaders they deserve.
COE does not really restrict the number of cars on the road - it only allocates the car usage to those who can afford it.
This represents a regressive economic regime.
I am a vehicle owner (of a not so new car which still hurt my wallet). It is relatively convenient. I stay clear of ERP gantries because they do not work either.
Economically speaking to reduce demand for a good or service, it would be theoretically possible to do by raising the price at which it is provided. ERP is one such measure. It jacks up the cost of using a certain road.
However the price elasticity of demand for road usage in the ERP zones is relatively inelastic - this results in HUGE government revenues without a impact on decreasing the number of road users during ERP zone hours. (i avoid ERP zones because it doesn't work, not because I don't wish to pay. Why pay for faulty service?)
Government is fool (I spelled that correctly) of "scholars". Think it works on paper, doesn't work in real life. Same bunch of goondus who built a staircase and then planned a railing right at the last step (making the staircase unusable! )
The worst part is they don't listen. ex-YPAP here.
so many new maseratis on the road... and they wonder how the COE became so high.
Anyway I am just joking. Citizens should not sell their votes and honourable leaders should not offer handouts to buy votes during election time, otherwise our politics is in a sad state.
I think that the worst part of the COE system is that foreigners get to pay $20/day (weekends free, 10 free weekdays) to drive on Singaporean roads.
Even if you drive EVERYDAY that works out to 5k a year or 50k for 10 years. It is cheaper and so much more affordable as you can save $20, for the weekdays that you don't drive.
While SINGAPOREANS have to pay 81k for 10 years.
Wrote to LTA asking them when they are going to revise the VEP. no answer. Ask them, what is the percentage increase of foreign vehicles in Singapore also no answer. I mean if high COE is needed to cap vehicle growth, don't LTA needs to ensure FOREIGN vehicles to be capped at the same rate?????