LTA was happy that the median OMV for Cat A has dropped. It maintained that it was not seeking for lower COE prices.
What does all this mean? LTA reclassified car according to their power rating and gets lower OMV. It is like restricting the rich to buy properties in district 22 and thereby, driving down the properties price there. Is that something to be happy about? What aim will LTA achieve in the end? Getting pple to import cheap and inefficient cars for Cat A?
What does all this mean? LTA reclassified car according to their power rating and gets lower OMV. It is like restricting the rich to buy properties in district 22 and thereby, driving down the properties price there. Is that something to be happy about? What aim will LTA achieve in the end? Getting pple to import cheap and inefficient cars for Cat A?
