COE premiums

[KingFook Sr]

With PAP .. and their CECA policie.
When will COE premiums cross the $200,000 mark?

 

[True Believer]

Based on current prices, we have approached the day when only the top earners are able to possess a car. This makes car ownership even more attractive to those who can afford it. COE prices continue to climb, pricing out the average middle-class family. Owning a car is now an unrealistic dream for 90% of S'poreans.

 

[True Believer]

After Acting Transport Minister Jeffrey Siow’s comments defending the allocation of COEs to PHVs, arguing that doing so benefits a wider pool of S'poreans compared to private car ownership, he deserves to be sacked. If Siow does not know that PHV operators inflate COE prices and hurt the car ownership aspirations of individuals, then he should be sent packing.

 

[True Believer]

Since the supply of cars is strictly limited, the govt uses the bidding system i.e. price discovery, to let the market determine the price. Those who want a car the most - and have the means - pay the premium. Unfortunately, up to 90% of S'poreans do not possess the means to pay more than $100,000 for that piece of paper, but want or need that car really badly. Therein lies the unhappiness, and their anger is directed towards the govt and the 10% who can afford that overpriced COE.

 

[KingFook Sr]

After Acting Transport Minister Jeffrey Siow’s comments defending the allocation of COEs to PHVs, arguing that doing so benefits a wider pool of S'poreans compared to private car ownership, he deserves to be sacked. If Siow does not know that PHV operators inflate COE prices and hurt the car ownership aspirations of individuals, then he should be sent packing.

Jeffrey Siow is PAP.

 

[iluvgst]

Sinkies get what and who they vote for. Stop complaining

 

[True Believer]

Sinkies get what and who they vote for. Stop complaining

The same applies to those daft Americans who voted for Trump.

 

[True Believer]

Jeffrey Siow is PAP.

Plunder And Plunder (PAP).