COEs for CAT A, B and C have been hovering about the S$50,000 mark since the start of the year. At one point in time, CAT B COE even reached an astronomical $94,502. Such high COE has caused a budget family sedan such as a Toyota Vios to cost over $100,000.
A simple family car is some time an essential item and not a luxury item for a young family. Imagine having to squeeze into the packed MRT or bus in the early morning to send the infant to the child-care centre or his caretaker’s home before work. It would be such a hassle and time-consuming process. How about rushing a baby with high fever to the hospital in the middle of the night?
Perhaps, the government can consider offering COE subsidy for family with kids below say 10 years of age. The quantum of subsidy could increase with the number of young children in the family. Although such an initiative will not send the birth rate shooting through the roof, it can be part of a comprehensive package to curb the ever falling birth rate.