Jump to content
From Servicing to Roadside Assistance - Drive Worry-Free with Sgcarmart for $99 ×

Cab companies could be allowed to bid for COEs

Lotr

By Lotr,
in General Car Discussion

 Share

Recommended Posts

xul

xul

1st Gear

How is the quota for taxis currently determined? I only saw in the article that their premiums are based on PQP.

↡ Advertisement
Link to post
Share on other sites
Lotr

Lotr

6th Gear
  • Author

I thought the same author was asking car buyers not to rush in for COE just 1 week+ ago [laugh]

 

The review is more likely to address the loss of government revenue from the pegging the taxis' COE to price of Cat A instead of Cat B as both categories are now more than $10k apart.

Don't rush to push COE prices higher

Resist the temptation to buy a car now - doing so would cause certificate of entitlement prices to rise further

 

https://www.straitstimes.com/lifestyle/motoring/dont-rush-to-push-coe-prices-higher

Last time he kenna exposed for always interviewing Ashley Wu...
Link to post
Share on other sites
Lotr

Lotr

6th Gear
  • Author

I thought the same author was asking car buyers not to rush in for COE just 1 week+ ago [laugh]

 

The review is more likely to address the loss of government revenue from the pegging the taxis' COE to price of Cat A instead of Cat B as both categories are now more than $10k apart.

Don't rush to push COE prices higher

Resist the temptation to buy a car now - doing so would cause certificate of entitlement prices to rise further

 

https://www.straitstimes.com/lifestyle/motoring/dont-rush-to-push-coe-prices-higher

Last time he kenna exposed for always interviewing Ashley Wu...
Link to post
Share on other sites
Mockngbrd

Mockngbrd

Supersonic

He pointed out that there are about 130,000 taxi and private-hire vocational licence holders, and too many drivers vying for commuters

Really meh? I still find it so difficult to get a teksi/grab when I need one.

Link to post
Share on other sites
Twich

Twich

3rd Gear

if only that was true. Scale back on COE and the COE will shoot up. Common demand and supply.

 

Win Win situation.

 

If the demand drop and the supply to cut, the prices should hold.

 

The other win is the traffic condition also improves.

 

Plus the car lite takes this closer.

If there is a plan to reduce vehicle population, the government better come a plan to train hundred of thousand of workers working in our so called automotive industry. Such as new or used car dealers, workshops, car paint shops, petrol stations, tyre shops, leather seat shops, car coating shops and etc.

Look at the trade War between America and China. Singapore G better know the negative impact...

Really meh? I still find it so difficult to get a teksi/grab when I need one.

60,000 PHV vehicle + 20,000 cab
Link to post
Share on other sites
Binatan

Binatan

Clutched

Is it fair for ordinary folks to compete with Taxi & PHV companies for the coe?

How can the ordinary folks out bid them? They are big monster company in their own right flushed with cash.

A separate category should be created for public transport company to bid, or least put them into commercial vehicle cat if no other better option.

Link to post
Share on other sites
Mann123

Mann123

4th Gear

Is it fair for ordinary folks to compete with Taxi & PHV companies for the coe?

How can the ordinary folks out bid them? They are big monster company in their own right flushed with cash.

A separate category should be created for public transport company to bid, or least put them into commercial vehicle cat if no other better option.

 

In Singapore everything garment decide is fair. Public can only kpkb in forums but finally accept and move on.

Link to post
Share on other sites
Binatan

Binatan

Clutched

In Singapore everything garment decide is fair. Public can only kpkb in forums but finally accept and move on.

if big enough number of ppl kpkb, the govt. might backtrack.

I remember when Uber was bidding aggressively for the coes when they were expanding their fleets a few yrs back, the coe price were crazy, even the second hand car price also went up accordingly.

So the negative impact on car buyer like us are quite pronounced.

Link to post
Share on other sites
Kyrios

Kyrios

Turbocharged

If even LTA says this is market speculation...how is this article different from spreading unconfirmed fake news? [:p]

  • Praise 1
Link to post
Share on other sites
Mockngbrd

Mockngbrd

Supersonic
(edited)

Is it fair for ordinary folks to compete with Taxi & PHV companies for the coe?

How can the ordinary folks out bid them? They are big monster company in their own right flushed with cash.

A separate category should be created for public transport company to bid, or least put them into commercial vehicle cat if no other better option.

Ding ding ding!!! Now u know, gahmen don't want ordinary folk have car. They want ordinary folk to be fashionably car lite and ride escooter. Edited by Mockngbrd
Link to post
Share on other sites
Lotr

Lotr

6th Gear
  • Author

In Singapore everything garment decide is fair. Public can only kpkb in forums but finally accept and move on.

 

not exactly true, we will get our chance to exercise our voting rights once every few years.  If PAP still gets 70% or more, means most sinkies still can accept govt's policies such as POFMA, CPF etc etc... 

  • Praise 2
Link to post
Share on other sites
Kyrios

Kyrios

Turbocharged

Im almost done with the Singapore car dream. Lately i tried car renting by the hour. Not flexible in the sense that most of the time you cannot extend past your contracted hours...but may have to settle for these if coe price goes back to 90K

Link to post
Share on other sites
Twich

Twich

3rd Gear

Im almost done with the Singapore car dream. Lately i tried car renting by the hour. Not flexible in the sense that most of the time you cannot extend past your contracted hours...but may have to settle for these if coe price goes back to 90K ð

Worry our jobs first. High economy growth is history.

if big enough number of ppl kpkb, the govt. might backtrack.

I remember when Uber was bidding aggressively for the coes when they were expanding their fleets a few yrs back, the coe price were crazy, even the second hand car price also went up accordingly.

So the negative impact on car buyer like us are quite pronounced.

Worry our jobs first.
  • Praise 1
  • Dislike 1
Link to post
Share on other sites
Lotr

Lotr

6th Gear
  • Author

How is the quota for taxis currently determined? I only saw in the article that their premiums are based on PQP.

 

Iirc, it is one to one replacement.  I might be wrong though.  But if I am right, that means taxi coys cannot increase their fleet size while PHVs can.

if big enough number of ppl kpkb, the govt. might backtrack.

I remember when Uber was bidding aggressively for the coes when they were expanding their fleets a few yrs back, the coe price were crazy, even the second hand car price also went up accordingly.

So the negative impact on car buyer like us are quite pronounced.

 

Where to sign up to kpkb such that govt. might backtrack?  Can go MPS to kpkb?

Link to post
Share on other sites
Yewheng

Yewheng

Twincharged

Start to miss Liew tuck yew.. Its in his term as transport minister that see the change to separate taxi from coe bidding. He seems to listen to ground concern. Now like going to u turn back.. Haiz..

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...