Why SG not remove COE ??

[Forever84]

which is why i do not believe in COE or stamp duties. does nothing to affect the wealthy. wanna reduce, limit to 1 car per household with legit justifications to own more than 1. of course with full COE and additional COE stamp duties just for the kicks

Huh? The quota is the limiting factor. There is a limit to how many cars that can be sold. This is good system. If wealthy buy more cars it means less on road too. A rich person can own 10 coe but only drive 1 car at a time.

 

[Forever84]

U know, one way to immediately disable a significant % of population from owning a car is to pass a law that only allows Singapore Citizen to purchase a car.

It's really not that radical I mean... We are citizens here in our country. Why can't the right to own a car be left for SC only? If u really want to stretch it, then SC+PR.

We are at 5.9mil population, of which 4.1mil is Singapore Residents (SC + PR).

If foreigners can't buy BTO, then it's not a radical idea to extend that to car ownership.

I didn’t know singaporeans were restricted from buying cars. I thought anyone can own a coe.

 

[priore]

Limited availability - anyone will be unhappy if he feels entitled and not getting it. Bidding is an option to allow those who can afford to have it - doesn’t that apply to other material things in SG? If taxes have to come from somewhere COE is probably the most justifiable?

Not too sure why you're quoting me but the response seems to be entirely something else altogether

I'll take a guess that you're saying "limited availability" should be the motivation behind why gov should scrap COE, and ur solution is bidding.

Put it this way, if you are the government (I know it isn't made up of 1 person but for this example let's assume you are the government),

- you've always been pushing for car-lite society given limited land space,

- thanks to COE premiums you have had a solid contributor towards budget surplus

- you walked out of the recent GE with statistics showing better results than the one before, implying that majority of the people have confidence and approves of what you're doing and headed towards

- and frankly, people have been making noise abt COE since forever and we'll u kinda sort of tried to pacify ppl by bringing forward COE quota under CHT charge.

Do u really think "limited availability" is strong enough a motivation for you, as the government, to scrap COE?

Of course, if I misunderstood you or if you weren't replying to me, then the above is moot.

 

[Level42]

Before the election, I noticed efforts to curb COE hikes. What the new Transport Minister just said confirms my suspicion. Those earlier moves were purely election-driven. I’ve heard COE prices are expected to rise again tomorrow.

 

[miko66]

Million dollars salaries who pays

 

[Forever84]

Before the election, I noticed efforts to curb COE hikes. What the new Transport Minister just said confirms my suspicion. Those earlier moves were purely election-driven. I’ve heard COE prices are expected to rise again tomorrow.

I’m expecting prices to stay level even in the so called “bumper coe” years as the government begins to clawback those extra coe issued. This will reduce complaints in future about coe prices moving too high, when everyone used to it costing 80-100k

 

[Botakkid]

was talking to a few car dealers when I am looking to trade in my old car, all said expect the COE to stay around 100k already, get used to it, if you want a car, you will get a car no matter the price

 

[elloz123]

U know, one way to immediately disable a significant % of population from owning a car is to pass a law that only allows Singapore Citizen to purchase a car.

It's really not that radical I mean... We are citizens here in our country. Why can't the right to own a car be left for SC only? If u really want to stretch it, then SC+PR.

We are at 5.9mil population, of which 4.1mil is Singapore Residents (SC + PR).

If foreigners can't buy BTO, then it's not a radical idea to extend that to car ownership.

wdym the % is fixed regardless of demographics lol Coe is fixed supply lei.
Anyway u would rather want free market to drive up Coe prices as it’s a wealth tax shortfall guess who top up?

 

[EJB]

which is why i do not believe in COE or stamp duties. does nothing to affect the wealthy. wanna reduce, limit to 1 car per household with legit justifications to own more than 1. of course with full COE and additional COE stamp duties just for the kicks

Again, COE is not for the poor, you got my point already.

 

[XCalintz]

Every grp feel entitled to own a car in SG.

 

[Evcats]

Not too sure why you're quoting me but the response seems to be entirely something else altogether

I'll take a guess that you're saying "limited availability" should be the motivation behind why gov should scrap COE, and ur solution is bidding.

Put it this way, if you are the government (I know it isn't made up of 1 person but for this example let's assume you are the government),

- you've always been pushing for car-lite society given limited land space,

- thanks to COE premiums you have had a solid contributor towards budget surplus

- you walked out of the recent GE with statistics showing better results than the one before, implying that majority of the people have confidence and approves of what you're doing and headed towards

- and frankly, people have been making noise abt COE since forever and we'll u kinda sort of tried to pacify ppl by bringing forward COE quota under CHT charge.

Do u really think "limited availability" is strong enough a motivation for you, as the government, to scrap COE?

Of course, if I misunderstood you or if you weren't replying to me, then the above is moot.

I’m agreeing with your point of COE as important to SG budget and think bidding mechanism of COE is good actually.

 

[Nakedtoes]

I got better idea... Coe should change to 5 years.. After 5 years car scrap.. Or renew coe... Like this coe can continue to raise... Gov huat..

 

[priore]

I’m agreeing with your point of COE as important to SG budget and think bidding mechanism of COE is good actually.

Oops, but thanks!!

 

[8zaoyu]

Huh? The quota is the limiting factor. There is a limit to how many cars that can be sold. This is good system. If wealthy buy more cars it means less on road too. A rich person can own 10 coe but only drive 1 car at a time.

Just make the COE double, triple for subsequent cars under one nuclear family.
COE indirect taxes very good to collect taxes and reduce un-needed usage on our land ltd roads!

 

[mickey88]

Why SG not remove COE ?? Instead of finding ways to improve it why not we remove it altogether? and then restrict it in another way etc

Wat?? Remove easy money..just print paper and then let ppl bid..why not??

 

[Caterpillars]

I keep seeing the arguments that high price COE is needed to limit the number of vehicles on the road.

This is not correct. The number of vehicles is directly affected by the number of COE quotas. Given all the quotas are taken up all along, it does not matter if the COE price is 1 dollar or 1 million.

High COE price is just adding to the coffer

 

[kuti-kuti]

Why SG not remove COE ?? Instead of finding ways to improve it why not we remove it altogether? and then restrict it in another way etc

It is a revenue.... U think they hiam $$$?

 

[jumpthepig]

Before the election, I noticed efforts to curb COE hikes. What the new Transport Minister just said confirms my suspicion. Those earlier moves were purely election-driven. I’ve heard COE prices are expected to rise again tomorrow.

COE prices are expected to rise again…. If so, then seem like somebody is going to bid higher, push up the COE higher…

 

[misterGomez]

Million dollars salaries who pays

taxpayers? Funds from the COE is for the transport system use

 

[Forever84]

I keep seeing the arguments that high price COE is needed to limit the number of vehicles on the road.

This is not correct. The number of vehicles is directly affected by the number of COE quotas. Given all the quotas are taken up all along, it does not matter if the COE price is 1 dollar or 1 million.

High COE price is just adding to the coffer

No. Never said that. COE is for solving distribution of the quota.