COE solutions??

[Soya]

It's funny how everyone expects the system to kelong in their favour........but forget that if a lobang opens up, there'll be truckloads of others juz like them who'll jump in to take advantage of the situation and bring everything back to square 1.

 

 

 

 

 

 

[Ben5266]

It may also make the problem worse. Jurong to City Centre or Tampines to City Centre, not so bad on Public Transport.

 

But what if going Jurong to Tampines? Then

 

Do remember that our population here is not mobile in terms of changing house to be near job

The high % of ownership of home is the root cause of our transport problem.

If the majority of the workforce rent a home, then we will see a shorter communte to workplace.

[inlinesix]

The high % of ownership of home is the root cause of our transport problem.

If the majority of the workforce rent a home, then we will see a shorter communte to workplace.

The major problem is public transport company is listed on SGX. Profitability, dividend payment and share payment is important.

 

For every new estate, there should be proper infranstructure be available even though there is no customer yet.

[PorkChong]

COE has already proven to be a good measure to curb car population.however,it would be better if only the owner themselves can bid for it and use cash only.

 

but this won't work,first the dealer will bid sky high price for it since the car owner will be the one footing the bill and gov love the sky high COE price with the banks as well.the trio,dealer,bank and gov are all laughing to the bank with sky high COE.

 

 

[Vextan]

It's funny how everyone expects the system to kelong in their favour........but forget that if a lobang opens up, there'll be truckloads of others juz like them who'll jump in to take advantage of the situation and bring everything back to square 1.

You cannot say it more right. So obvious many think of solution to favour themselves and ignore all other logic in the other part of the picture.

[Myxilplix]

It would be really hard to stop the "profiteering" though - so long as demand outstrips supply, there will be a black market with money to be made.

 

Then for those that really "need" a car - what are you going to do? What happens if they are "unlucky" and lose out at the ballot?

 

There is little doubt that some need a car more than others, and some that will bid just for the sake of it and heck care.

 

Will it be a system of "less chance once have a car in the family"?

 

This will be difficult to administer and be a logistics nightmare I think - although the thought of it is attractive.

 

Yep profiteering might be possible but with sufficient thought prior to implementation i believe it would be workable and that profiteering can be kept to a minimum.

 

I think those who really "need" a car, the second hand market is still there. A new car is a "want", not a "need". For a low or middle income salesperson/family with young kids/disabled or eldery family members etc, all the "special interest groups" as i call them, there are literally hundreds or even thousands of used cars out there.

 

With all the computer/bidding systems already in place, i don't think the logistics is actually that much of a difficulty. To put it simply, if Tan Ah Kow (IC No. S9999999X) wants to buy a new 1.6 litre car (Cat A - pegged at 10k for example), he can submit his name into the ballot box. If he is successful, he has to make immediate payment of 10k to LTA (within 5 working days) and will be issued with a Cat A COE which can only be used to register a car in Tan Ah Kow's (S9999999X) name. Tan Ah Kow cannot transfer this COE to anyone else and there will be a validity period for the COE to be used. If due to unforseen circumstances Tah Ah Kow cannot use the COE, he can make an appeal to return the COE to LTA and get a refund of his 10k (minus admin fees of course). If Tan Ah Kow just submits his name into the ballot box for fun but has no intention of paying for the COE/registering for a new car, he will be blacklisted for x number of years after two/three successful ballots but no payment. Same if he keeps appealing to return the COE to LTA for a refund.

 

The above scenario is a "pay upon successful ballot" one, of course then you might get whole families submitting their names with the intention of getting only one COE for a family car. The alternative is to "pay as you ballot", this would cut down to the "try luck" people (if they cannot afford 10k for COE perhaps they should be looking at used cars). Of course the system will need to be tweaked to adjust to any loopholes found.

 

Another positive is in the commercial COE category, as a reasonable COE price will help with the rising cost of doing business in Singapore, especially for smaller companies that need a commercial vehicle.

 

But all this is just theory, cash cow cannot be slaughtered.

[Damienic]

COE has already proven to be a good measure to curb car population.however,it would be better if only the owner themselves can bid for it and use cash only.

 

but this won't work,first the dealer will bid sky high price for it since the car owner will be the one footing the bill and gov love the sky high COE price with the banks as well.the trio,dealer,bank and gov are all laughing to the bank with sky high COE.

 

Is that so? Then on earth did we end up with over estimation of car deregistration numbers in 2006-2009 resulting in over population and LTA having to frantically cut COE quota so dramatically from 2010 and onwards?

[PorkChong]

Is that so? Then on earth did we end up with over estimation of car deregistration numbers in 2006-2009 resulting in over population and LTA having to frantically cut COE quota so dramatically from 2010 and onwards?

 

the error lies with those who did the projection,not with COE the tool itself.

 

 

[Enye]

all about balloting

 

I have balloted for NDP tickets for many years

 

but never been successful

 

luckily, i don't NEED the NDP tickets.

 

 

[Maseratigood]

It's funny how everyone expects the system to kelong in their favour........but forget that if a lobang opens up, there'll be truckloads of others juz like them who'll jump in to take advantage of the situation and bring everything back to square 1.

Nothing wrong with others jumping in to make good use of the rules n policies, its a free market, dont you believe in a free market? Or you prefer current status quo coz it benefits you?

[Maz0608]

I have balloted for NDP tickets for many years

 

but never been successful

 

luckily, i don't NEED the NDP tickets.

 

You are not the only one here. For years I have balloted for my entire family but none of us has been successful so far!

[Kelvingoh45]

buy toto

[Vextan]

A ballot system will in essence go back to square one. everyone including those who dont need a car will go into bidding hoping to secure a coe by the luck of the draw, and they can resell the coe to someone else who has not been successful, or register a car and then let someone else use it. This black market price will eventually be determined by demand and supply and the price will be the same as today's coe price.

[Vextan]

You are not the only one here. For years I have balloted for my entire family but none of us has been successful so far!

same here. i already give up and intend to buy the ticket online.

[Civicblade]

Good observation on the detrimental effects of balloting for COE.

 

With balloting and a black market for COE, tax money used to be collected from the open bidding system (used for nation building) now goes into the hands of the lucky few who won the lucky draw ballot for COE.

 

Let's stick for Singapore Pools for lottery and not create another lottery system for COE.

 

A ballot system will in essence go back to square one. everyone including those who dont need a car will go into bidding hoping to secure a coe by the luck of the draw, and they can resell the coe to someone else who has not been successful, or register a car and then let someone else use it. This black market price will eventually be determined by demand and supply and the price will be the same as today's coe price.

Edited December 26, 2012 by Civicblade

[Galantspeedz]

Nothing wrong with others jumping in to make good use of the rules n policies, its a free market, dont you believe in a free market? Or you prefer current status quo coz it benefits you?

 

erm... isn't the COE bidding based on free market?

[Picanto]

erm... isn't the COE bidding based on free market?

 

the rich benefits more

[Joseph22]

the rich benefits more

how they benefits?

 

all i know is they got more money to buy.