LTA to explore easing tight COE supply

[Civic6228]

the coe system is infact working!

if without coe, i'd have 2 or 3 cars!

 

a cheap car now will cost 100k, if there wasn't coe, a car would cost perhaps 50k

the price i paid for my current car would allow me to buy 3 cars without coe

and i would buy 3

 

1 2 seater coupe

1 luxury sedan

1 extremely small car for daily commute to work

 

i'm sure many others would think the same as i do

 

Coe working ? in that case why the heavy traffic in the expressway everyday .... And of course the jams which is a result of more accidents as there are more cars on the road. It is deem to be working for u becos u are not rich enough to buy 2, 3, or more cars. There are many people out there that can afford to buy more than one car.

Edited May 4, 2012 by Civic6228

[Expertz]

If anyone even thinks that this move will cause COE prices to fall ... WRONG!

From each bidding exercise's statistics over the last 6 months, the demand continues to far exceed supply.

With more new models being launched by luxury marques, the distributors will be fighting their own turf war to gain market share and put as many of their new models on the road.

 

So COE prices are unlikely to fall significantly, if at all.

 

What I fear more though, is that this retrogressive move will cause worsening jams, cos the car population will continue to grow by 1.5% a year, while the already-high COEs will result in existing owners to cling on to their prized possession even more so (up to the full 10 years even) - since many would have realized by now that they may never get to own another new car again, ever in their life time, or what remains of it here!

 

i agree!

to add on, if a brand new car costs 250k and a rich person buys it for 2 years and decides to change

that 250k car would effectively be sold at perhaps 200k? which means a 50k discount for people who cannot afford 250k for a brand new car

 

high coes do infact benefit the average income earner!

a subaru legacy costs 170k brand new, it is going for 80k after 2 years, that is a 90k savings!

 

if that legacy costs 110k brand new, after 2 years it would go for maybe 60 or 70k. cheaper no doubt but the savings would only be at best 50k

 

 

so the average income family do stand to benefit from high coe prices

[Expertz]

Coe working ? in that case why the heavy traffic in the expressway everyday .... And of course the jams which is a result of more accidents as there are more cars on the road. It is deem to be working for u becos u are not rich enough to buy 2, 3, or more cars. There are many people out there that can afford to buy more than one cars.

 

well bad as it is, the situation could have been a lot worst!

we could have 5 - 6x more cars on the roads if cars were cheap

 

just a few years back the qq and picantoes were extremely popular on the roads because they were cheap. imagine what would happen if such families are able to afford to buy 2 or 3 qq or picantoes

 

for every 1 person out there now who can buy more than 1 car, there'll be 100 more if the coe system was scrapped and until somebody can come up with a better solution to replace the current coe system, i will completely agree that the system is the best possible system to regulate cars on our roads

 

the problem isn't the coe system but the large influx of foreigners due to the 60.1%

8 years ago our population stood at 3m, currently we are at 5.5m

its not just the roads that are jammed and crowded, have you taken a walk down orchard road nowadays?

the human jams on orchard road on a daily basis only happens on xmas and new years day 8 years ago

[Happily1986]

the coe system is infact working!

if without coe, i'd have 2 or 3 cars!

 

a cheap car now will cost 100k, if there wasn't coe, a car would cost perhaps 50k

the price i paid for my current car would allow me to buy 3 cars without coe

and i would buy 3

 

1 2 seater coupe

1 luxury sedan

1 extremely small car for daily commute to work

 

i'm sure many others would think the same as i do

 

nope no good enough. COE is good to prevent the car population from exploding its guts out at the breakneck speed of light but it is useless in reducing the standing car population with sufficient haste.

[Expertz]

nope no good enough. COE is good to prevent the car population from exploding its guts out at the breakneck speed of light but it is useless in reducing the standing car population with sufficient haste.

 

the only way COE can meet your requirements would be to cut the quota down to 0 for the next few months

how do you think people would react?

 

as i've posted, within 8 years our population doubled

most definitely the number of cars on the roads should grow in accordance with the growing population and traffic jams are to be expected

 

besides, there is no alternative solution that is fair yet is able to control the car population well enough. unless there is a viable alternative solution, we have to accept that this system is the best there is

 

[I_RIDE_DEEP]

...

Edited May 4, 2012 by I_RIDE_DEEP

[Jim]

8 years ago our population stood at 3m, currently we are at 5.5m

 

2000 (Census) 4,027.9 3,273.4

2001 4,138.0 3,325.9

2002 4,176.0 3,382.9

2003 4,114.8 3,366.9

2004 4,166.7 3,413.3

2005 4,265.8 3,467.8

2006 4,401.4 3,525.9

2007 4,588.6 3,583.1

2008 4,839.4 3,642.7

2009 4,987.6 3,733.9

2010 (Census) 5,076.7 3,771.7

2011 5,183.7 3,789.3

 

Middle column is "Total Population", Right column is "Resident Population", ie citizens + PR.

 

 

http://www.singstat.gov.sg/stats/themes/pe.../hist/popn.html

Edited May 4, 2012 by Jim

[Xpose]

i don't see how this is going to be fair

PRs contribute to the economy and pay their taxes just like locals do

so why must we punish the PRs?

 

this is like saying, we have a 70% chinese population so we should allocate 70% coes to chinese; without thinking that everybody else will be affected to your benefit - not that i'm racist, just trying to make a comparison

 

Not happy of unfair treatment as PR? Simple, convert to a singaporean and we will treat u the same level of treatment as the rest of singaporean. In times of war, will PR take arms and proudly say I will defend Singapore? Will PR be willing to serve 2 years of their life in NS follow by the 10 cycle of icts and ippt commiments? Will PR still stay and contribute to the economy and work force when times are bad here? I know I will and have too, even though at times I have doubts about such actions especially during recent years of NDP parade where I often find myself being surrounded by groups of foriegn talents. I even questioned myself to the extent of is being a singaporean a minority?

 

I am not racist nor am I baised but to me, it seems like most of the FT or PR are here for the same motive or objective, milking money to spend n enjoy back home. One PR ever told me, getting PR enable him to job hop with wages increment easily, currency exchange rate closing to 2.41 makes his spending across the bridge at home so shiok and sweet, lastly if he do not wish to work here anymore, give up the PR and CPF is another pot of gold again...

[Ronaldling3217]

the COE wont drop la, it will still increase. so after confirmed wont reduce COE till AUG. Meaning to us ppl faster buy a car before AUG or the COE will increase. wont see a drop. Cos AUG onwards, COE quota will dropped. So Lan pa , Pa Lan... not the same meh? but now he become salesman for the car dealer.... all flopping to buy car before AUG ... kaoz

Edited May 4, 2012 by Ronaldling3217

[Nf0rc3r]

the COE wont drop la, it will still increase. so after confirmed wont reduce COE till AUG. Meaning to us ppl faster buy a car before AUG or the COE will increase. wont see a drop. Cos AUG onwards, COE quota will dropped. So Lan pa , Pa Lan... not the same meh? but now he become salesman for the car dealer.... all flopping to buy car before AUG ... kaoz

 

U wrong info la.. Alr knew august going to cut quota. The news now is they are going to delay that cut.

Now the increase in prices is in reaction to the supposed cut in august which could be delayed.

[13177]

Taxi keep purchasing new car. The taxi number plate already SHF already.

Taxi plate SHF already? I dont think i saw SHE taxi plate?

[Maroon5]

im not so worried abt jams, as tat can b controlled thru ERP. sometimes u jus cant deny its effect on cost conscious drivers. like the 730-8am Eunos PIE westwards $1 and FOC after 8am. i hv experienced both n now i happily pay the $1 where i get to drive 90-100kmh.

 

im more concerned abt carpark. a car stil needs a place to park regardless how much u raise the rates.

[Happily1986]

the only way COE can meet your requirements would be to cut the quota down to 0 for the next few months

how do you think people would react?

 

as i've posted, within 8 years our population doubled

most definitely the number of cars on the roads should grow in accordance with the growing population and traffic jams are to be expected

 

besides, there is no alternative solution that is fair yet is able to control the car population well enough. unless there is a viable alternative solution, we have to accept that this system is the best there is

 

i think it is a good point to highlight here as you did that with the human population on this island increasing, it is difficult to restrain the growth let alone cut down the standing car population.

 

we need to perhaps ask what is a fair value for a # of cars per capita parameter. it will be good to further evaluate the means to regulate the local car population with this understanding.

[Ithunk]

new immigrants will buy cars....thats for sure....the goverment is looking for individuals with at least 10 million in assets or cash...and to park their assets in singapore....so what is a ferrari or a lamborghini to these individuals?

[Topspin]

Not happy of unfair treatment as PR? Simple, convert to a singaporean and we will treat u the same level of treatment as the rest of singaporean. In times of war, will PR take arms and proudly say I will defend Singapore? Will PR be willing to serve 2 years of their life in NS follow by the 10 cycle of icts and ippt commiments? Will PR still stay and contribute to the economy and work force when times are bad here? I know I will and have too, even though at times I have doubts about such actions especially during recent years of NDP parade where I often find myself being surrounded by groups of foriegn talents. I even questioned myself to the extent of is being a singaporean a minority?

 

I am not racist nor am I baised but to me, it seems like most of the FT or PR are here for the same motive or objective, milking money to spend n enjoy back home. One PR ever told me, getting PR enable him to job hop with wages increment easily, currency exchange rate closing to 2.41 makes his spending across the bridge at home so shiok and sweet, lastly if he do not wish to work here anymore, give up the PR and CPF is another pot of gold again...

 

This type of thinking is similar to what nearly demolished S Korea's economy 20 years ago. There was a huge wave of resentment by the Koreans on all things foreign, be it foreign cars, electronics, etc. There was even open demonstrations where foreign made cars were deliberately damaged in front of TV cameras. Foreign made cars were target of vandals everwhere. Luckily some logical thinking leaders warned them that could create a backlash of Korean products or Korean cars in other countries as well. Everyone kept quiet after that. At that time, Korea was a net exporter (maybe they still are today)

 

Remember, there are Singaporean FT or PRs in many other countries around the world. Anyone knows what is the ratio of a PR in Singapore vs a Singaporean PR/FT in another country? 25 years ago during the peak of migration out of Singapore by Singaporean, my professor told me it was like 1 to 1 (zero net growth in population). Not sure what is the ratio now. At that time the PM (senior) had to shed tears on TV to plead people not to migrate.

 

Who are we to say the motive of Singaporean FT/PR in other countries are any different and they do not bring in enourmous wealth back to Singapore as well?

Edited May 4, 2012 by Topspin

[Ithunk]

want to bring in high net worth individuals in excess of 20 30 million....be prepared for them to buy cars also....everyone is human and its natural that anyone will want a super car such as a ferrari lamborghini bentley

[Royho1979]

i don't see how this is going to be fair

PRs contribute to the economy and pay their taxes just like locals do

so why must we punish the PRs?

 

this is like saying, we have a 70% chinese population so we should allocate 70% coes to chinese; without thinking that everybody else will be affected to your benefit - not that i'm racist, just trying to make a comparison

 

Local men pay taxes and contribute to economy too.. why are they punished and made to do NS.

 

Welcome to the real world, where citizens of each countries are entitled priviledges while foreigners suffer. BTW, I absolutely hate people using the phrase PR contribute and also pay taxes, hence they shuould be entitled this and that.

 

I just came back from Japan for holiday and spend money and paid taxes. Should I be entitled to their social benefits then?

 

[Expertz]

2000 (Census) 4,027.9 3,273.4

2001 4,138.0 3,325.9

2002 4,176.0 3,382.9

2003 4,114.8 3,366.9

2004 4,166.7 3,413.3

2005 4,265.8 3,467.8

2006 4,401.4 3,525.9

2007 4,588.6 3,583.1

2008 4,839.4 3,642.7

2009 4,987.6 3,733.9

2010 (Census) 5,076.7 3,771.7

2011 5,183.7 3,789.3

 

Middle column is "Total Population", Right column is "Resident Population", ie citizens + PR.

 

 

http://www.singstat.gov.sg/stats/themes/pe.../hist/popn.html

 

the statistic doesn't add up

as at june 2010 total population was 5,076.7 and 3,771.7 locals

 

 

There were 1,712,600 Singaporeans (