ERP going upwards, pocket burning more (1st Nov)

[Pokyman]

but even as the carpark charges in HK are way more expensive, their cars are cheap? Our COEs are expensive, but the carpark charges in CBD are "cheaper"?

[Pltang]

HK no peak hour charges, toll fees though despite that, their tunnels always jam....

 

I've gone lesser to town after starting to drive.... even lesser now, maybe once every 2 mths?

[Ben5266]

but even as the carpark charges in HK are way more expensive, their cars are cheap? Our COEs are expensive, but the carpark charges in CBD are "cheaper"?

Ok, let's do some research and calculation.

COE at $48k. $4.8k per year or $400 per month.

CBD monthly parking fee is $350.

ERP $3 per day x 20 = $60.

Total cost $810 per month. Wow!

 

HK Central.

Monthly rental HK$4950! or S$990.

Wilson parking

 

Their monthly rate range from HK$2k to HK$7k per month.

Central car park

 

I Singapore...

[Little_prince]

If LTA listed on SGX i sure buy!!

[Pltang]

Ok, let's do some research and calculation.

COE at $48k. $4.8k per year or $400 per month.

CBD monthly parking fee is $350.

ERP $3 per day x 20 = $60.

Total cost $810 per month. Wow!

 

HK Central.

Monthly rental HK$4950! or S$990.

Wilson parking

 

Their monthly rate range from HK$2k to HK$7k per month.

Central car park

 

I Singapore...

 

Not that expensive considering their living expenses......

[Expertz]

Let me give you some comparison to HK:

 

HK OVERALL:

Population: 7 million

Land area: 1,104 km2

Density: 6,348.6 people/km2

 

HK ISLAND:

Population: 1.3 million

Land area: 242.1 km2

Density: 16,390 people/km2

 

SINGAPORE:

Population: 5.1 million

Land area: 710 km2

Density: 7,022.8 people/km2

 

 

you should take into consideration only the CBD areas, not the whole of singapore la!

anyway raise in ERP also good, govt say ERP is to help us own cars ma right?

i predict COE going to drop to $2 again

everybody huat ah!!!

 

if COE never drop, means either govt is lying or i'm stupid...

[Expertz]

u should take into consideration only the CBD areas, not the whole of singapore la!

anyway raise in ERP also good, govt say ERP is to help us own cars ma right?

i predict COE going to drop to $2 againpandora charms

 

wtf?

stupid website anyway, aus $$

scam is it?

[C-K]

Ok, let's do some research and calculation.

COE at $48k. $4.8k per year or $400 per month.

CBD monthly parking fee is $350.

ERP $3 per day x 20 = $60.

Total cost $810 per month. Wow!

 

HK Central.

Monthly rental HK$4950! or S$990.

Wilson parking

 

Their monthly rate range from HK$2k to HK$7k per month.

Central car park

 

I Singapore...

You forgot to factor in their income.

 

On average , people who can afford to park a car in HK CBD area earn about twice as much as Singaporeans who drive to CBD to work.

 

S$990 is peanuts to them.

Edited October 26, 2010 by C-K

[Beanoyip]

Why don't increase to $50 per gantry, $1 increase won't have much effect on the roads, just that someone's pockets got deeper.

[Aaronlkl]

ERP= Everyday Rubbing People.

[Tigerr1001]

Not that expensive considering their living expenses......

 

 

Looks like the parking lots on sale at HK island is more expensive than the COE.

[13177]

Why don't increase to $50 per gantry, $1 increase won't have much effect on the roads, just that someone's pockets got deeper.

It's depends on the majority rd users r rich pple or not?! If rich pple, duh think they will be bother by the increase of $1, even $50 also peanut! But if most pple r just middle income and yet drive car, then $1 increase means a lot!

[Hondacrv]

You forgot to factor in their income.

 

On average , people who can afford to park a car in HK CBD area earn about twice as much as Singaporeans who drive to CBD to work.

 

S$990 is peanuts to them.

 

also u own ur car for life in HK, unlike COE which has to be renewed every 10 yrs

[Dafansu]

Parking rate in HK about S$4.50 per hour

 

 

 

 

[Aaronlkl]

COE up.. ERP up... Everything up... Unique Singapore

Edited October 26, 2010 by Aaronlkl

[Mrlau]

You forgot to factor in their income.

 

On average , people who can afford to park a car in HK CBD area earn about twice as much as Singaporeans who drive to CBD to work.

 

S$990 is peanuts to them.

 

Hong Kong have 500,000 cars, Singapore got 1,000,000 cars.

 

Since car is symbol of status, only successful people can afford to own car.

 

So Singapore have more successful people compare to Hong Kong.

 

$1 raise nia....

[Ruykava]

Ok, let's do some research and calculation.

COE at $48k. $4.8k per year or $400 per month.

CBD monthly parking fee is $350.

ERP $3 per day x 20 = $60.

Total cost $810 per month. Wow!

 

HK Central.

Monthly rental HK$4950! or S$990.

Wilson parking

 

Their monthly rate range from HK$2k to HK$7k per month.

Central car park

 

I Singapore...

 

Actually, since the Singapore dollar is strong and HKD is linked to USD, HK$4950 is just S$827 now =) So the cost ASSUMING you park at the Bank of America Tower in Central HK are the same as of now.

[Gammaray88]

what i observed is that some of the congestions are contributed by LTA!

 

Eg, ECP towards east before Marina bay sands: the roads there are winding and therefore everyone slows down! why cant make it straighter?!

 

ECP towards west before benjamin sheares bridge: recently the roads are winding again! and cars really slow down at this stretch!

 

When i saw the above, in my mind was tinking surely the ERP will go up again since the speed is so slow now!!

 

they cant attributed the slow speed to motorists! It's their fault that the the road alignments are not straight!