The escalating prices of cars in Singapore is a problem
October 13th, 2023 | 
Author: 
Social inequality manifests in more than one way.
Roads are very well built in Singapore. With fewer cars on the road, traffic is one of the smoothest in any large city I have been. Parking is also plentiful even in relatively plentiful even in the city.
This means that the people rich enough to buy cars enjoy a far better experience in transportation.
Smooth traffic. Good roads. Plentiful parking.
In the meantime, those who cannot afford cars have to take public transport.
Perversely, in countries with bad traffic , everyone suffers equally.
In Bangkok, whether you are in a taxi or a Rolls Royce, you are stuck in traffic. It’s BETTER to take a tuk tuk or the train. The cheaper option is perversely the better option.
Again perversely, this is equalising.
In London, even the rich parks and rides to the centre. Because parking in the city is impossible.
Less traffic makes for a more efficient economy. Productivity is lost in jams.
But there is also equity.
Right now, the scales are too heavily tipped towards those who can afford cars.
Better to quickly implement ERP 2.0 , let more people own cars , and charge everyone according to usage.
Alternatively, restrict private transport to certain lanes. Let more people own cars. Taxis and public transport have their own lanes which less traffic.
The current situation is untenable.
I say this as a car owner.
Facebook post by Calvin Cheng
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Posted in 
All this boils down to is mindset.
People die die want cars it will be reflected in sky high COE prices for a long time to come. Because, simply, people die die want to buy cars and nothing is going to stop them from doing so. So all just go mindlessly bid and bid causing the price to go up and never come down.
And those who can’t afford a new car but die die want a car no matter what are only left with the option of extending their 10 year old COE. Lan lan no other choice loh. Just look around and see how many SF, SG and SJ cars on the roads the next time you are outside.
Now that the population is at 5.9 million expect it to go above 6 million by the end of next year. And as you know who keeps letting in more people you can expect the number of people wanting to own cars to keep increasing. And you know what happens once again when even more people start bidding for COEs liao….
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People who are too daft and timid to think, do not deserve to equality in anything. Only those with strong integrity, unshakable in their ethics and willing to fight for it deserve equal treatment.
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Whether it is very very dirty money from the Fujian Gang or the slightly dirty money from others —these are escaping from China.
CCP should be very very angry with pinkie for allowing such wealth escaping here.
Wang Yi have to make another trip here.
Meanwhile sinkies have to live with the inflation and all other effects of hot money that is screwing up our lives.
Need to do another GE2011 in GE 2023.
Maybe another 3 GRCs must fall.
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Does the author own a car(s)?
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No money no car…
Pity those that need it and not rich….
One of the reason why the COL is so high here ?
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And Flash Coffee just closed all its 11 outlets citing doing business in SG is not profitable.
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Yes. Well said. All this boils down to is mindset.
A huge majority of Singaporeans do not know how to live within their means.
They overspent their income and than they cry father cry mother that our great PAP never help them.
Christian Pastor Kong/Pastor Sun and Buddhist monk Ming Yi is prime example of Singaporean who are not rich but want to how lian and live beyond their means through scamming.
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Hahaha! Now even this CB-faced “PAPie suckporter” Calvin Cheng…oso starting to squirm under high COE prices liao ah? LOL.
Some more this kind of cheapskate still want to “Ya Ya PAPaya” in his last sentence (to remind everyone he is a “car owner”) because he scared that other Sinkies don’t know ah? LOL.
Please lor… NO one including myself) in Sinkiepore is a car “Owner”. ALL are just 10-year car RENTALS lah. LOL.
So simple logic this PAPie “useful idiot” Calvin oso don’t know ah? but he still want to “hou lian”? LOL.
This actually shows Calvin Cheng is just a poor bloke, who cannot afford COE / car, but too scared to “lose face”… so he still “boast” that he is “car owner” of maybe a Toyota or Honda only? Yes?/No? LOL.
That’s why I say many times alleady that COE should go UP towards around $300K to $500K… then you will really separate the small boys from the real men with money in their bank. Yes? LOL.
Even at 150K COE, many SSS Sinkies will still die die want to “Keep up with the Joneses” and will quietly eat Maggie Mee at home, but drain their bank accounts just to afford a car in order to massage their pathetic egos. Yes?/No? LOL.
Then such SSS Sinkies will take every opportunity to try to how off or tell others “Cannot afford COE then take MRT lor”. LOL.
This is the behavior of most SSS Sinkies… they want to “beat up their own faces just to show a bit like they are well-fed & got money”, but actually most of them no cash liao. This Chinese idiom: 打肿脸皮充胖子 describes SSS Sinkies velly well. LOL.
I know many SSS Sinkies who stay only in HDB flats, but need to “hou lian” especially to their relatives & neighbors, so they take car loans just to buy Mercedes or Beemers or some even buy 2nd-hand ones (because squeeze until last drop from their bank accounts liao …LOL); but still “Ya Ya PAPaya” face value more important mah. Yes?/No? LOL.
I have NEVER taken a car loan in my entire life because I pay all CASH for such LIABILITIES. Many idiots say good to take car loan so you can keep “rolling” each time to upgrade every 10-years, but that’s excuse for Losers with no cash. If you calculate the interest paid, you are really “kum gong” to take car loan. LOL.
Can poor Losers like Calvin Cheng buy even a Lexus with all cash down? LOL.
Thats why I hope COE RISE super high and faster reach $300,000 and above… then lets see how many more SSS Sinkies can stay as “PAPies Suckporters” yes? SSS Sinkies MUST feel real pain, then they will have change of heart, yes? Otherwise, even at $150K COE, most SSS Sinkies can still “hou lian” to say “Sup sup water” yes?/no? LOL.
Like I said Sinkies will take up more car loans to cover any shortfall lor, so in the end will be BAD for Sinkies finances.
Therefore, to make sure SSS Sinkies don’t run out of retirement money, government MUST purposely INCREASE COE much HIGHER until like $500K+ so that private cars are totally out-of-reach for most Sinkies… then I will say Omi-Omigood to Sinkies such as Calvin Cheng – who will no longer have to means to squeeze any more money to buy car. Yes?/No? LOL.
By then, I can oso see how many SSS Sinkies can continue to shout “PAPies Strong Mandate” forever more! Yes?/No? LOL.
Why YOU Calvin Cheng scared of COE price high ah? LOL. “You no $$$ to afford car, then take MRT lah”. LOL.
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This one is …
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Let me hazard a guess, Mr Cheng’s car COE is about to expire soon and the prospect of paying >$100k for a piece of paper is suddenly too much for him to stomach. Now, he’s screaming in pain like the daft ones. Frankly, I thought he was one of the smart ones who always knew how to stay on the good side of an unequal equation. Like the daft ones when they are benefitting, they even fight to preserve the inequality….but times and fortune changes in a blink.
This is the sad state of SG….both the leaders and the common people are short-sighted, without moral courage or compass….guided by greed and envy.
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Spoke to some guys and they sheepishly admitted it’s their BOR (Hokkien for woman/wife/gf) who demands it (car, condo).
Spore women are unable to convince anyone, let alone themselves about equality of the sexes.
Choose your wife carefully…
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You probably hit the bulls eye. LOL.
That Calvin Cheng running low on $$$, so he KPKB now when his COE “rental” renewal is coming up. Yes?/ LOL.
He likes to think he is speaking for everyone, so he tries to “persuade” PAPies to make policy changes to reduce COE prices, but actually he is only talking for his own SELFISH little short-term interest.
I bet once he gets his COE on the cheaper end, then this CCB SSS Sinkie Calvin Cheng types will immediately turn around and say govt should INCREASE COE prices to reduce road congestion. Yes? LOL.
Me NO PROBLEM with COE leh! LOL.
Do some reverse psychology and tell your PAPies MPs that ALL of us here no problem with current COE prices… still “sup sup water” to us lor.
Only cheapskates like Calvin Cheng KPKB, then all his “PAPies” gang sure “buay tahan” liao no impact on Sinkies yes? LOL.
This is typical SSS Sinkie behavior. “PAPies suckporters” boot-lickers like Calvin Cheng likes to think they are “special favored breed” above the common Sinkies, but actually they are sama sama as all the other Sinkies… who are no different in the eyes of PAPies lor. LOL.
Thats why I keep saying COE must faster INCREASE HIGHER until totally out-of-reach unless you really can afford to throw few hundred K to maintain lifestyle… otherwise go home cry & don’t try to “hou lian” here lor. LOL.
If COE is “only” like even $150,000, many SSS Sinkies will still squeeze themselves dry because they think somehow still “affordable” to them. In the end, Sinkies will be bled dry.
If COE rise to $300K, then all the dream will END for those boderline cases like Calvin Cheng and many SSS Sinkies, then good for them because they die oso cannot get such money to pay for their 10 year care lease, so in the end they “give up” idea & save money for their retirement instead, Yes? LOL.
Ultimately, out-of-reach COE of say $330K will be good for SSS Sinkies, good for PAPies bonus payouts, less road congestion and oso good for country’s finances.
So, down do “half-F**K” solutions like “only” $150K COE. Either make COE dirt-cheap (which is unlikely to happen) or make it SUPER duper HIGH starting from $300K to $500K. Yes? LOL.
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Cancer final stage.
No one can help.NO one.
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DBS .(Don’t B Stupid)
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”First residential plots returned to the state will be rejuvenated as HDB flats in Kallang”
HDB and most condos on 99-year rental.
500,000 HDB flats reaching >40 year old in 2030, 6 years hence.
200,000 HDB flats already >40 year old today.
722,000 citizens [1 in 5] are seniors above 65 years old.
We are facing a population time bomb now—AND a ‘flooding of lease decayed HDB flats’ very very soon.
Oldies will not be renewing their 99-year lease because their own human lives EXPIRED—non-renewal.
COE is a very minor problem compared to this.
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As I said before, CALVIN and his ‘hou lian’ 90% ilks will be caught ‘swimming naked’ and MEN WILL BE SEPARATED FROM THE ‘BOYS’ come 2024. Many BMW, Merc and Audi will have to park at HDB carparks.
Goody, GST-> 20%; parking-> 50cents/min; ERP-> $20 per entry (min); HDB(4Rm)-> $2 million; Water-> pegged to petrol pump prices. COE-> $500,000
Goody, even the sports cars nowadays make a lot of noises (diesel?) but cannot beat my Rolls Royce. LOL
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Jin Hao Lian culture prevalent here.
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Teochew culture also ‘Boh lian chum see peh’- 90%? ‘Boh Lian’ cry father cry mother. lol
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Very scary numbers.
900,000 oldies citizens in 2030.
500,000 oldies HDB flats and thousands of oldies condos.
And….they are paying more than one million dollars for HDB flats today.
Very very irrational!
Very fast aging population and very fast aging HDB flats and condos.
Senile-Pore, land of the unThinking!
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That’s because majority of your supporters are:
1) Hao Lian and Song mong.
2) Lack critical thinking skills ONLY when it’s election time.
3) Cowardly. Always drop sneaky hints and dare not say direct.
n4) Use their small infants/children to brush against people. So contemptible.
4) Goblock, Gomgkia, donkey asses.
5) Ill mannered
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Those with expiring COE should ask themselves why must they pay another $140K when they have already paid COE the first time to put their vehicles on the road. By this time the COE has probably doubled for their used vehicles! Is the COE system exploitative? What if your vehicle is involved in a collision and is totally damaged beyond repair, do you get your COE money back? Does insurance cover just the cost of the vehicle or does it also cover the COE?
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Certificate of Exploitation (COE)
“The fact is that the greatest crimes are caused by excess and not by necessity. Men do not become tyrants in order that they may not suffer cold; and hence great is the honour bestowed, not on him who kills a thief, but on him who kills a tyrant.” – Aristotle, 384-322 BC
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This Govt is very good at using slogans to win hearts and minds eg No one left behind, More good years etc
It’s all for show. LTA released more COEs in the past months yet COEs keep climbing.
LTA knew the extra COEs would make little difference.
For the next few months, LTA has again released a few more COEs but all these would be snapped up by PHV companies, fleet companies and the ultra wealthy.
Again it’s for show.
There have been suggestions from industry experts but as usual they think they’re the experts.
Rising COEs cause inflationary pressures but do the PM and his Ministers care?
Why should they bother as after all it doesn’t affect them as they collect more than a million in salary a year.
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With the COE going up just on that piece of paper?
Could pay for half the price of HDB.
Now the demographic of owning a car have change. More are used for private hire or as do pick up. Thinking that transportation will be in demand. This scheme did not happen yester years. Where private hire cars only for Taxi and school buses. All separated.
Let the COE goes up to $200,00 by the end of the year.
Alternative is to revise the PQP. As cars over 10 years are not allow to use as private hire or rent out unless law change again to allow cars over 10 years could be used for private hire or grab vehicles.
Already the cars owners have forgo their ARF and PARF for that COE papers.
The COE Cars are necessities not luxury. Cars are use for churning income or luxuries.
Recently, my wife was driving and met with an accident. Turn out that the car involved was private hired car driven by a foreigner .
With public transport and school bus fees going up. This has become a stress that children have to take a bus to school. Waking up at 4:30 am and takes 1-2 hours travelling time. Worst if it is raining. Have the Authority look into these problem arising. Worst safety . As most accidents are cause by lorries and buses.
Will the COE at $200,000 to $300,000 enough to recover the cost of maintaining other than squeezing out from their customers on the overheads as private hired. Worst than Taxi adjusting by the company on peak and non peak hours.
Already we have seen Malaysian PHV coming to Singapore picking up customers to Malaysia.
Need to think before it’s too late.
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