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[h=2]16% of COEs were taken up by foreigners since 2011[/h]
July 10th, 2012 |
Author: Editorial
The Minister of Transport, Lui Tuck Yew, revealed in Parliament today (10 Jul) that 16% of COEs were successfully bid by foreigners (including PRs), since the beginning of 2011. This works out to be 5440.
Mr Lui said, “The total number of cars registered to individuals in 2011 and the first five months of 2012 was around 34,000.”
“84% were registered to Singapore Citizens, 12% to Permanent Residents and the remaining 4% to Foreigners.”
For CAT A cars, the breakdown is:
In a separate reply to another MP asking about the number of high-performance cars (“supercars”) in Singapore and how do these “supercars” fit into a built-up city like Singapore where there are numerous traffic and infrastructure constraints,
Ferrari driven by a foreigner, ran the red light and slammed into a Taxi in May 2012, killing 3 people.
Minister Lui replied that there is no established definition of “supercars” used internationally. However, he has asked LTA to set some reasonable criteria to classify the typical makes associated with “supercars” for the purpose of discussion in Parliament.
=> Want to be best paid minister in the world, but always need to wait for others to take the lead?
He said, “Based on this, less than 700 of these cars in total were registered in 2010, 2011 and the first 5 months of 2012. They are a small minority and represent less than 1.0% of all registered cars in the same period.”
“All vehicles that are brought into Singapore have to pass LTA’s vehicle approval process based on international technical standards, before they are allowed to be registered. This ensures that every vehicle travelling on our roads adhere to safety standards and does not pose any hazard to other users.”
With regard to the second question how these “supercars” fit into a built-up city like Singapore with numerous traffic constraints, Minister Lui said, “Any vehicle, not just supercars, can be potentially dangerous. This is why we cannot emphasise enough that all motorists and road users have to abide by traffic rules and regulations so as to be responsible for their own safety and the safety of other road users.”
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The Minister of Transport, Lui Tuck Yew, revealed in Parliament today (10 Jul) that 16% of COEs were successfully bid by foreigners (including PRs), since the beginning of 2011. This works out to be 5440.
Mr Lui said, “The total number of cars registered to individuals in 2011 and the first five months of 2012 was around 34,000.”
“84% were registered to Singapore Citizens, 12% to Permanent Residents and the remaining 4% to Foreigners.”
For CAT A cars, the breakdown is:
- Singapore Citizens – 87%
- Permanent Residents – 10%
- Foreigners – 3%
- Singapore Citizens – 82%
- Permanent Residents – 13%
- Foreigners – 5%
In a separate reply to another MP asking about the number of high-performance cars (“supercars”) in Singapore and how do these “supercars” fit into a built-up city like Singapore where there are numerous traffic and infrastructure constraints,
Minister Lui replied that there is no established definition of “supercars” used internationally. However, he has asked LTA to set some reasonable criteria to classify the typical makes associated with “supercars” for the purpose of discussion in Parliament.
=> Want to be best paid minister in the world, but always need to wait for others to take the lead?
He said, “Based on this, less than 700 of these cars in total were registered in 2010, 2011 and the first 5 months of 2012. They are a small minority and represent less than 1.0% of all registered cars in the same period.”
“All vehicles that are brought into Singapore have to pass LTA’s vehicle approval process based on international technical standards, before they are allowed to be registered. This ensures that every vehicle travelling on our roads adhere to safety standards and does not pose any hazard to other users.”
With regard to the second question how these “supercars” fit into a built-up city like Singapore with numerous traffic constraints, Minister Lui said, “Any vehicle, not just supercars, can be potentially dangerous. This is why we cannot emphasise enough that all motorists and road users have to abide by traffic rules and regulations so as to be responsible for their own safety and the safety of other road users.”
.
Join our TRE facebook page here: http://www.facebook.com/TREmeritus
.
