COE Price Woes.
The amount of speculators on COE may be rising and the government usually does not intervene when they are gaining from this.
COE Prices of course. "Car prices up after COE premiums hit new highs"
With speculators on housing, housing price rises, COEs, Vehicle prices and eventually transportation price rises. Getting more cars on the roads, increasing ERP Prices basically increases revenue. Does it control traffic flow and prevent traffic jams? I really doubt the ERP system works that way.
Now with enough cars and traffic jams all the way till 10pm at night on the CTE, steps are taken to reduce the increase amount of cars on the roads. (By limiting COE)
The biggest increase was in the Open category, where the premium closed at S$42,001, an increase of S$14,411.
The COE for big cars also saw a significant jump. It rose S$9,700 to S$36,089. For small cars, the new premium stood at S$28,389 - up S$7,587.
I'm sure everyone in Singapore is going to pay for this, and if you think you are taking the BUS and not affected by this, you are too Naive!
-- Iron Bowl