why wasn't this question asked to the get-go founder: is it fair that ride-hailing, and car-sharing companies should be bidding under the same categories and not separate category

COE quota for cars used for carsharing, rental, grab/gojek/etc should be separated and parked together with the quota reserved for taxis. Give family with young kids a chance to own a car. P.S. I sold my car when my son entered P1 coz I feel I can make do without a car. Not driving since 2017 but I empathize those family with a few young kids w/wo maid.

@vincecarlo

9 ай бұрын

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

@ttgleo957

9 ай бұрын

And why are families with young children more deserving of a car than any other individual or family types?

@pokemonyu

9 ай бұрын

wait long long; slow slow wait..... it never going to happen.

@AtLwB

9 ай бұрын

@@ttgleo957 lol dude, he didn't say they are more deserving. he just said that the quota should change. you have some reading problem

@hiewkent1

9 ай бұрын

@@AtLwB sometimes you need to read under the line, i don't think he has a reading problem though.

Car ownership does not cause jams. Usage does. The reality is, everyone wants to own one. Make usage super expensive during peak hours😂

I would have liked to hear more opinions on the privileged who drive up COE prices by having 2 to 3 maybe even 4 cars per household? As opposed to 1 per household (400,000 owners as stated) for the general population struggling to own one. As Steve says "it would open up a can of worms", but perhaps it needs to be opened, to ensure parity in the system.

The recent headline grabbing news regarding people having to fork out huge amounts of money when they get into accidents with GetGo cars is very scary too.. Maybe it's time for the authorities to look into this area.

To pay $140,000 for a COE, it is crazy !

@vincecarlo

9 ай бұрын

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

Thank you Profits Above People, solving issues by using money again.

All these stress is wiping out Singaporean existence. Now majority Singaporean can afford food, shelter, holiday but long term commitment of having kid even biologically cant produce. Strive to up quality of life not just $ angle. Time n health needs to be taken care also to qualify as quality life

Ask the MP and minister to take Public transport. It is a human right to own a car, who gives a damn about the environment or how small singapore is. Having a car, you get your own space, privacy as well. With COE as state revenue, yet GOVT still increasing Public Transport prices, it is just the matter of time that public transport will have the same fare as private hire fares.

@koutanot

9 ай бұрын

“It is human right to own a car” - you should be a comedian. You are good

@EZJRVCXY

9 ай бұрын

@@koutanot you obviously don't own one

High prices will continue to stay only because government wants the extra money, and will price it to whatever the market can bear, and beyond because they have the data that people are willing to pay. Government could have come up with ideas to solve the traffic problem without using monetary penalties. But they always go with fine-ban-tax solution because no thinking is needed.

@vincecarlo

9 ай бұрын

Kenneth Jeyaretnam "Singaporeans get the government they deserve, so I don’t want to hear any more complaints".

the COE policy is more for the rich now, the common people will have to sacrifice, as the rich can afford a car for each family member.

@david888a

9 ай бұрын

The common people with sound mind should not even think about buying a car, convenience is a high price to pay at $140K, I rather b inconvenienced

@vincecarlo

9 ай бұрын

ASTRONOMICAL RECORD COE Prices. 171.5 MILLION collected in just 1 Cycle Extrapolate 12 mths x 2 cycles >4 BILLION 💰💰 Collected from just Printing " INVISIBLE " Paper 4G ADDICTED to 💰💰💰

@jefri4176

9 ай бұрын

If coe not restricted,you will get super bad traffic jam. Look at Jakarta. 10 million population,3.8 million car registered. If too many cars and traffic jam,car owner will kaopeh again. What you want then?

@evrenshistar5986

9 ай бұрын

@@jefri4176 the COE policy was good now askew to only the rich can own cars, only the rich can drive and the commoners take public transport, is working as intended

@jefri4176

9 ай бұрын

@@evrenshistar5986 Same thing in Indonesia and south east Asian countries. Only rich drive car. But of course because the salary is much lower than Singapore. But cars also much cheaper though 😅.

You guys gotta talk about Singapore’s weather…it’s getting hotter and hotter. Making it harder to want to take the public transport.

@jefri4176

9 ай бұрын

Then what's the solution,don't restrict coe? Then traffic jam become super bad like Jakarta and other city? Then people kaopeh again why so many cars?

@lzy245

9 ай бұрын

​@@jefri4176 The first comment talk about families with kids confirm siong one, they kena bring their children and strollers during peak hours with MRT and bus so crowded, plus weather also hot. One child still can manage, but what if 2 or 3, wah very tough leh. By the time you reach office, your energy drained liao. Going back work also same thing, face all these for five days a week. How to have balance work-life. Not sure got time to exercise or not. Got to have exception for families with children for sure. Last time during our parents' time, not so crowded, weather not so hot and the lifestyle also more relax one. Since our gahmen have one of the best think thanks, sure they can find solution one lah, just need to see if they are willing to sacrifice the income from the COE profits. Actually got some good ideas in the comments section too.

@HoneyLemon27

9 ай бұрын

@@lzy245 can't agree more with your statement!

Only the rich can afford the car. And we have a lot of foreigners who are millionaires. They also take up the quota.

@kelvin.008

9 ай бұрын

Not true, anyone can actually own 1, just need to do some deliveries and the instalment will be paid for. Simple.😂

@david888a

9 ай бұрын

⁠@@kelvin.008ya, it’s very true, as long as one can carry the monthly instalment ,one can buy n enslaved to the car n forget about having kids…😂😂😂😂

The ministers and civil servants can lead by example by taking public transports for work and transiting between meetings. The public transports are pretty comfortable as long as you are transiting between connected areas. There is a need to convince people and walk your talks. That will ensure improvements are quickly addressed because the impact is felt more quickly. Today, there is a lost of sense of the the ground as the group who are driving transportation policies are not affected by any shortcoming, so policy improvements are often slow and it is also often "I know it best" from people who don't take public transportations. Once in a while wayang wayang take public transport during non peak hours does not qualify you to know the ground.

@ttgleo957

9 ай бұрын

The example that is being set is that you are welcome to own a car if you can afford it. And if you cannot afford it, you are welcome to use public transport.

@jamesalexanderhuang1563

8 ай бұрын

Well said man, But what can be done? Next GE still same parliament same people, and the same comments, 'I know it best'

Since the govt encourage more families to have kids, its up to them to help singaporean families who wants to have kids. As discussed here, this high coe is discouraging families to have kids 😢

@terris-njw

9 ай бұрын

It's necessary because there are too many cars on the road.

@josephyeo6966

9 ай бұрын

Funny logic - high COE = less kids. So in countries where there is no COE, there should be a population boom. No. High COE = less pollution from carbon monoxide = healthy environment = better environment for kids.

@user47362

9 ай бұрын

I'm pretty sure 90% of families in singapore survived without a car 😂😂😂

@david888a

9 ай бұрын

⁠​⁠@@josephyeo6966ya flawed logic …also that was not the government’s initial intention of having COE to fight pollution, COE was at $2 in 2008,u know it’s the demand for cars that dealerships bid to get it to $140K now,crazy.

@vincecarlo

9 ай бұрын

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

if we learn how to share cars systematically, the cost can be divided by 10. The COE price needs to go higher for car sharing and PHV to reach tipping point where they become available easily. What is fundamentally wrong is that a good part of the excess tax monies collected are diverted to the pool of reserves to benefit future generations instead of subsidising public transport and or setting up a car sharing voucher subsidy system for the needy people.

@cooper1819

9 ай бұрын

Fact is only 25% of households owns a car - 400k cars among 1.7mil household. It's just what is most efficient way to distribute use. A car that's use most of time is better than mostly parked, thats why çar share, PHV or taxis are more efficient use than personal car. Just like commercial vs private planes.

It's not about whether we NEED a car... is whether the ultra rich NEED 5 cars per person. Why don't they tax additional car ownerships and let first car be ballot system for $100 registration fee, since balloting with quota can also be used to control car population

@david888a

9 ай бұрын

You meant 5 cars per family n not per person. The filthy rich is not worried about having to pay extra taxes for additional cars,they hav those extra money that they can splurge. U think the Sg government will just collect $100 for balloting when they hv enjoyed collecting high priced COE to combat car ownership? Think again…

Car sharing? Plz dun. For getgo, one flat type cost 900 while one door dmg caused around 30000 which can all be found on newspaper. Only the rich car afford the car sharing if got into accident

@zxgao950708

9 ай бұрын

Forgot to say, just these companies like getgo and grab, take most of the coe, they use the money from the investors and invest in the bidding for coe. Normal ppl like us how to win the bidding, and they will charge u high to offset the money they invest on coe and car. Actually we are paying for them as we use their service, in the end, the car coe will become their own property

@vincecarlo

9 ай бұрын

SCAM

@eddyzulkarnin8233

9 ай бұрын

Singapore being the most expensive country to buy a car but i dont understand why our taxi & ride hailing fare is not the most expensive comparing to other develop countries. Take example, Japan, Australia, UK, the fare is reasonable for taxi, ride hailing for driver to make a living. Even foreigner saying that our ride fare is very very cheap here. Stop exploiting our poor local drivers with such cheap fare as we are already in 2023.

@vincecarlo

9 ай бұрын

@@eddyzulkarnin8233 ASTRONOMICAL RECORD COE Prices. 171.5 MILLION collected in just 1 Cycle Extrapolate 12 mths x 2 cycles >4 BILLION 💰💰 Collected from just Printing " INVISIBLE " Paper 4G ADDICTED to 💰💰💰

@CreativWyse

9 ай бұрын

The way singaporean suffering stress, having kid is out of question.

The total number of times, "you know" combined from all 4 gentlemen can be as the same number of our COE. 😂

Who is the one who holding the coe not using it, and how coe go to taxi phv car sharing and who is registering more car monthly compare to private.

Maybe there should be a specific COE category for families with kids, or a partial COE-rebate

@vincecarlo

9 ай бұрын

Will NEVER Happen 4G ADDICTED to 💰💰💰

@michaelshih8163

9 ай бұрын

It would not work. Those who get an COE on the cheap would sell it for a profit.

The reason the premiums are high is because all these commercial vendors are bidding in the same category for the same supply group. So naturally, he'd say let me bid cheaper and you use my service.

At the end of the day, cars are both a liability and luxury item here in Singapore.

The thing about car sharing/ride hailing is that they still require a degree of planning. But life is not always predictable and sometimes you literally need to get somewhere 'right now, immediately' without warning (for example, to hospital), and car ownership allows for that.

Some families can but most families won't and will not give up on cars so their willingness to bear more Coe cost will override their reluctance to give up on cars. It is another form of price increase in one of everyday life area in the end. After all it is in human nature for people to upgrade and enhance themselves in life to move up the ladder in the workfield in order to have a better quality of life. No one can stop these people at all.

@jacksonwong90

9 ай бұрын

The govt can stop anything if they wish , u have friends in burmingham uk , most woman ends up in part or full time prostitution because of govt tax profiteering , target to benefit n self interest all at the expense of it's people , a super small unit cost $5,000 rent a month when their salaries are super hight of around $3,000 .

As someone that’s been to Singapore as a tourist. I was able to navigate the transit system very easily. If I was living there full time I reckon I could do without a car. However I also acknowledge that not everyone can do without a car. Overall, it depends on the person’s preferences and their personal circumstances.

@lauriek.gilbert2597

8 ай бұрын

I lived and worked for 20 years in both Hong Kong and Singapore without a car. Public transport was good in Singapore and absolutely amazing in Hong Kong and any time I needed a van for example, to carry photographic gear, I just rented one with a driver which also solved the problems of parking.

*DBS Aps ATM still down ? Whats happening anyone knows ?*

Singaporeans Standard of living dropping ..... high gdp does not reflect on true Singaporeans standard of living

@vincecarlo

9 ай бұрын

Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

@lamjianyuan

9 ай бұрын

Hi bro, you so right. The pap and lee are the most bad peoples in this corrupted world.

I've moved overseas now. Change new car every three years. I feel so blessed as i no more face no stress from this COE issue. Take grab when back SG for holidays. The COE will only increase as more foreigners come in. Our land size dont help.

@midascollector

9 ай бұрын

Which country you moved to?

@brpugonlatour1636

9 ай бұрын

I want to go there to buy many sports cars and houses!

How many emergency cases u hv out of 365 days?

Awesome conversation

The number of availability of the COE is pretty much fixed every month. Whether it’s $1 or $500k per COE, the total number of cars on the road will not change. If the government feels that the road congestion is getting bad, they can adjust the number of COE available for biding for coming months. It’s a perfect formula for controlling the number of cars on the road to prevent congestion and pollution. But the question is, since they have a perfect solution and formula to control car population, why car owners still have to pay so much taxes for their new cars? Whether the additional taxes for new car is 1% or few hundred %, the total number of cars on the road is still the same. Hence, the only difference is the tax revenue and it has nothing to do with congestion.

@sleepandrelaxation3395

9 ай бұрын

Well, if you think about it in more depth, reduction in tax will likely transfer to COE. If all the car buyers are willing to pay up to $200K for a car, even if the car price drops to 0, the car buyers will simply bid more (up to their budget) for the COE in order to secure the purchase.

when you have to bring a heavily sick family member to the A&E at SGH etc in the dead of night, no amount of taxi booking / grab booking is going to make up for the convenience of immediately be on the go.

Just make sure the Rental and PHV companies do not keep stirring up the COEs...

The largest argument for COE is that without it Singapore would have unlivable traffic due to the population and size. It needs to be remembered that it is a blunt tool to reduce vehicle ownership and in turn usage, this would have been necessary when it was first devised as technology (GPS tracking etc) was not as advanced. However, with the current technology available such as GPS tracking, the internet and smart phones it would make much more sense to remove or reduce COE and directly tax the usage. An example of this would be variable usage charges per km based on how busy each sector of the road network is (for example during commute times higher fees for travel to business centers). This would still provide the financial incentive to use public transport etc but allow people to have a vehicle for emergencies, family excursions etc, many that would occur outside peak demand times.

SICK GOV

@vincecarlo

9 ай бұрын

More like ADDICTED to 💰💰💰

Owning a car means mobility, the freedom of movement, I bought a car KIA Spectra 1.6,, 2008, for only RM4K, park in JB, its an outlet to let go my craving for driving.

Set an Endowment Fund to off set High price. Driving is compulsory in Singapore. Although they have MRT every areas still too far to walk to places you need to reach

Government should look into those small companies. They needs vehicles to operate. Many of these companies will cease operation if they can't afford which leads to laying off employees.

$140K for the COE, n yet people r still buying car n still traffic jam. Dont think the COE policy to reduce cars is working then again it’s a cash cow to the government. COE was $2 in 2008,,hmmmm

@jefri4176

9 ай бұрын

Singapore traffic jam? No lah,that's not considered a jam. Try Jakarta 🤣

If you want to live in Singapore, forget about having a car unless you are rich.

@kelvin.008

9 ай бұрын

Not true, 0 drive away. Do some deliveries, instalments will be taken care of.😊

Government weekend car scheme is very good. Should promote it more with higher incentives

If COE numbers is limited, there is no reason to allow commercial that procure for profit to be group with private user. Period.

Maybe the Govt has not realised that many things are a fine balance and correlated to each other ? Roof and Transport are two of the key concerns. An unmet balance leads to the end result of a dwindling Singaporean population and bringing in new citizens isnt the long term solution. We need to address these concerns quickly and strongly.

It felt like they were holding back on certain areas of this discussion.

Car ownership is a private cost whereas traffic jams are social cost, air pollution caused by exhaust gases which is also a global issue of carbon emission. COE is interesting and unique Singaporean way of tackling the complex problem faced by modern cities around the world.

@jamesalexanderhuang1563

8 ай бұрын

Well said, But you forgot to point out the key point, which is the carbon emissjon don't reduce, govt pocket gets bigger

Using Car sharing very stressful, sometimes you can’t finish the job in the rental time , you need to rush back because someone has booked .

I enjoy watching Julian's car reviews, and even more I appreciate his advice on holding off on buying a car.

Simply put. It's mostly "wants". Buy a car if only you can afford to. Don't complain about COE.

Sharing car is like sharing toilet 🚽 if someone peed and dirtied the toilet, you rely on the cleaner to clean but sometimes the cleaner missed a spot and you still need to use it 😅 and yes higher COE it does affect the birth rate of Singaporean, also electric cars need electrical bay to charge not like landed houses. Not to mention the joy of Singaporean to be able to drive in Malaysia to Thailand, to Himalayas by car and train driving a car in internationally and not being branded as worst driver in the world anymore. ( i had driven in Korea, Japan, Malaysia) and car sharing cant do that.

Public transport is still fked up. Slow buses. Unhealthy levels of train crowding, low class behaviour of drivers and commuters, lack of cabs. Htf to get around???

Keeping the high cost and other money or convenience factors aside, SG is making current and future generations make do with the bare minimum of what we can afford, in this scenario killing the dream of owning even a used car as an individual

@vincecarlo

9 ай бұрын

Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

Steven is like those asian uncles at Chinese New Year gatherings passively pressuring you to have kids or more kids by constantly asking you. Anyways, I am a university student and myself, including my peers I have spoken to, totally do not plan to have a car. Some of us perhaps related, also do not plan to have kids as a result of the high cost of living in Singapore. So kudos to the government for impacting their own population growth.

@libiskit

9 ай бұрын

I would just say that having children is a good thing as long as your household income is 10k min. don't have the mindset that children are impossible to have. Unless you are so self centered ( and I don't mean it in a bad way) that you prefer to focus on yr self or you have childhood trauma that discourages you from having kids😊

@ahnfarhan1986

8 ай бұрын

Hahaha

COE for EV with battery powered and fuel cell power shall be differentiated for Net Zero target ahead

@vincecarlo

9 ай бұрын

Hah Hybrid is the Way to Go. EV Road Tax is HIGHER by >2x. RIDICULOUS When Road Tax is Tagged to Carbon Footprint. Insurance also Higher ~ 50-60% more NOT Forgetting Tyres need to change every 15-20k km. Charging is A PAIN. Oh Wait.... 90+% of ELECTRICITY Generated in SG is STILL NOT Green UTTER RUBBISH on the PUSH 4G ADDICTED to 💰💰💰

Set up a co-operative to lower cost of car rental, where rental cars are available in all car-parks with more than 50 or 100 car park lots. Look at any car parks, up to 10% to 20% of the cars are left unused in all car-parks at all time. If car rental fees are similar to or lower than taxi fares, there will be much less need to own cars and leave the car unused 80% or more of the time. Owning cars will be left to the rich, but driving cars will be available to most people.

My simple mind believes that housing and car ownership is a basic need, especially for caretakers, but the idea has to move forward, if we think that hdb is a leasehold then the sale should go back to gov, then gov gets to resell it, control the price. SGcarmart has a curious video about kinto car leasing with its service apartment like hassle free leasing, at the 150k cat b coe, that seems to be an option for longer term car 'sharing'. Don't think getgo or bluesg is the answer, have to clean every time. Replacing private cars on the road with public cars yields similar congestion and carpark issue. My simple mind says that the gov has a solution, just need to work out execution or abuse prevention. Cars also have to evolve to meet our long term goals, downsize them to mini evs that can do maybe 200km range, takes up little space, doesn't go too fast. After all if ev thought us something, it is torque and pick up that matters, we are not racing, 200nm maybe enough. If you want more parents and more babies, roll out a good hdb plan and car ownership plan. If you want children to take care of their young seniors, same plan.

The traffic in Auckland is worse; there's only 1.7 million people but 1.4 million motor vehicles (there's fewer than 1 million motor vehicles in SG). Having said all that, the govt should come up with a scheme to make it easier for families with kids to own a car! SG already has so many good preferential schemes for things like housing, I'm sure they can figure this out.

@tankman20064

9 ай бұрын

They keep cars😂😂😂😂😂😂😂😂.

@tankman20064

9 ай бұрын

Auckland big land. Lucky them. We got smelly MRT lor

Ceased all the idiotic PHVs companies and businesses and the COE will be back to previous years of normal high, not now with astronomical high.

With 9-10% gst, tharman sucks, pineapple sucks 🍍🍍👎👎.

One scenario where the COE will fall like a rock is when the global economy goes into a Great Depression with all the PHV/ Car Sharing companies goes bust and the Singapore economy tanks. Pretty sure that the COE will hit a all time low.

Car sharing worth if you don’t get into accidents or be prepare to paid at least few K of repairs. With so many car under their hand they can’t check if the car is in working condition until other users report it. Especially wheel problems.

Living in Singapore, it's easy to feel poor. This country is ridiculously expensive . Its difficult to call this home. Especially if you've travelled enough , u know theres better places out there.

If I want to share, I would rather take a cab. I do not need to worry about driving to and fro. Car sharing will not be cheaper in the future and like other stuff in Singapore, the price of car sharing will increase too.

The 70s, 80s, 90s very different. Your parents have to handle transport themselves because public transport not there. Now government and PV provides, user only pay for these rides

@tankman20064

9 ай бұрын

70s and 80s no COE leh. CAR very cheap. $20,000 get already. FULLY PAID

@Farmersyoungseniors

9 ай бұрын

@@tankman20064 yeah cheap but many cannot afford. Now it’s expensive and many still can afford. How?

every single person in this podcast drives a car. Interview the regular folks with no cars.

What about those that need a car for work?

@david888a

9 ай бұрын

People in sales that need a car r being punished by high COE, they probably get to write it off as business expenses or subsidized by the company they worked for hence good n services r jacked up too. Revolving doors…😂😂😂

Gov should promote child car policy

How to ensure that families that really need a car can afford one. And getting the very rich to pay incrementally more & more COE for the 2nd, 3rd car & so on, much like ABSD.

Singapore government should make PHV #phv #lta #eletcricvehicles all have different categories of COE. Different coe for PhV and electric cars please ! Singaporeans wake up and vote wisely

Singaporeans are good at wasting money. Paying $1.7 million for an EC when they can get a 5 room HDB flat for $500k is a huge waste. Safra and Activesg sports centres in the neighbourhoods are packed with facilities if families need to use them.

It will be more expensive for me to grab/taxi based on the miles I chew everyday. So funnily having a car saves me money. Bus/MRT out of the question.

The COE system is a cash grab, but there are ways to save it. 1) pay as you bid, 2) multiplier for each additional car per registered address, 3) one exemption or discount per address, given 2 or more kids under 12, or anyone with medical mobility issues. No more dealer or group bidding. Make it so the buyer is bidding directly so it's more transparent. If you want to reduce car use, you'll have to either distribute cars to those with high utilisation and use case or heavily invest in public transport to make it convenient and better connected. We should aspire to improve quality of life, not price the majority out of comforts.

Cost should not be based on ownership but on usage. The whole point (the official narrative) is to control cars on the road so our roads dont get choked. Ownership doesnt choke roads, usage does. Just extend the erp system to all roads and have a dynamic charhing model based on prevalent traffic conditions. More cars on road higher pricing for that stretch. Have an app that allows ppl to then choose route based on fastest time or cheapest price. Cheapest price means lower traffic roads ie. Traffic loads get distributed more efficiently across the road network as well as over time of day. The technology is there. It isnt high tech. Of cos this means money in govt coffers trickles in instead of massive chunks every month. I think thats the real issue why not?

@david888a

9 ай бұрын

Idea seems fair but the sad truth is,people who forked up $140K for a COE would worry about paying high ERP? No, they will still drive like there’s no tomorrow although they might bitched a bit initially,,.even higher road tax would not deter them from buying n driving a car in Sg. no sum game…

@vincecarlo

9 ай бұрын

ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

@sleepy_dobe

9 ай бұрын

It cannot just be based on usage alone. If ownership has no control, then you will have a lot more, way way more cars on the road than now. And you will then have heavy congestion on every highway, the popular places, and the CBD areas. Without even talking about the cost that congestion will put on our economy - buses and commercial vehicles stuck in jams, late deliveries, higher cost of goods delivery etc - would you as a driver be ok with being stuck in a jam, taking a much longer time to get to your destination even though you have a car that should mean more time savings? And the land required for more parking? Fuel burned and extra exhaust pollution when you're in a jam? It isn't that simple nor straightforward.

@CLXH

9 ай бұрын

In HK, cars are relatively cheaper to buy than Singapore. The effects are parking cost and the costs to own a carpark lot shot through the roof, in some areas close to the price of a dwelling unit, and become a speculative real estate itself. Defeats the purpose of your proposal - make cost of car ownership cheaper than its usage.

@sleepandrelaxation3395

9 ай бұрын

An unused car will take up parking space which is scarce in Singapore. So taking this option will simply drive parking cost up.

I’ve 5 kids- 5 boys… 12, 8, 5 and a pair of 2 yr old twins. Trust me, u won’t want to be in a car with them.😅 the public transport works very well for us. It spends their energy very well. They loves it and they r more independent. Us, the parents, we get to stay very fit travelling around sg with them. 😂 I’ve a stack of stickers, books and toys to entertain my twins on the train. With the double pram I can’t get on buses now. So it’s mrt and walk. Anyway, at middle age, I need the exercise. But honestly, it takes a lot of resilience to do that… I’ve very crazy days when the kids r cranky on the train. 😢 ps- I’ve no helper too.

@david888a

9 ай бұрын

I hope the dad that’s on the program read your post,if u can do it with 5 kids I don’t see why he can’t do it with one. Saying that inconvenience without a car might made him think twice of hving another child . His head needs to b examined,😂😂😂😂

@lecherhao86

9 ай бұрын

Sir. Huge respect to you! I have two kids. We have been using public transportation and never own a car before. Even travelling with them when they were babies wasn't that difficult at all. I have adapted to whatever challenges come. And mind you, i often bring my two kids out by myself. Just a tip to other parents - just don't be bothered by the people around when you travel on public transport. You just focus on taking care of your own kids. There were even times that my baby cried in public transportation, and i got really kind elderly who came over to entertain them or to extend a helping hand. I guess it depends on individuals but for me, i am mindful that some people dont like the cries but i don't feel stress at all when my baby cried in that enclosed space. Haha.

Hi guys please be adatable lah inconvenience as a slfish execuse.

If the COE shuts off more than 80% of the citizens out of owning a car..... They should just scrap the COE since there is no benefits for the people of singapore.... no need private cars anymore... just phv, taxis, lorries & public transport.... then phv/taxis prices will be cheaper too

Make car sharing almost as convenient as owning a car, by using robot cars that arrive at your doorstep in a few minutes upon being summoned. Driverless robot cars are being tried out in some Chinese cities.

Just need to reserve 50 percent cert. For low income who need to car related to work,

Singapore is an Island surrounded by water but we never considered into expanding our mode of transportation via waterways hmm...

@tankman20064

9 ай бұрын

Water also jam lor.

@VioletCandyz

9 ай бұрын

@@tankman20064 lol 2030 EWP electronic water pricing

here's an idea - give the parents for every singaporean child an entitlement to buy a car - this promotes fertility rates, & for those who still don't want to buy a car can sell this entitlement on the COE market and make the profit - this gives further financial support to the family, and further incentives having more kids

@user47362

9 ай бұрын

Can you imagine the queues that are going to form outside schools in the morning? Every single child will arrive in their parent's car, good luck to traffic around that area.

@ttgleo957

9 ай бұрын

It is extremely sad if couples will only consider having a child when they are guaranteed a car. If cannot afford, just don't have children.

@clementckw

9 ай бұрын

@@user47362 ok can imagine, and then? thats a minor problem, im sure not everyone will use their entitlement if they prefer not to have a car, further there will also be students that stay near by schools and wouldnt need to drive there, all it does is it just gives parents the option to send their kids to school - why should we deprive them of doing so just because of "expected" bad traffic? that's a secondary concern imo.

@david888a

9 ай бұрын

⁠@@ttgleo957else stay single n buy that freaking car…. Cars over having kids….smh..

@clementckw

9 ай бұрын

​@@ttgleo957 well, the same can be said about any financial incentives that we already provide to parents via baby bonuses and the like. your argument is too simplistic and slippery because I doubt people would have kids just because of any incentive alone --The way i see it the incentive does help to alleviate some of the concerns about having kid, but I certainly wouldnt want to have kids just for that reason alone. In any case, in the roll out/announcement of this proposal it should always be reinforced with public education that they should think of other considerations before deciding to have a kid - which should align with how the current financial incentives should be thought of anw. Also, to clarify, I didnt propose to guarantee a car - i propose to guarantee a COE instead - you will still need to purchase the car and maintain it. It is unlikely that everyone will want to exercise it because of the additional expense and trouble. And if you sell it back on the COE market, essentially the COE revenues that would have otherwise gone to the government goes to the parents to support the child - think of it as a redistribution of tax monies to support nation building.

Is it a compelling argument for limited automobile growth to further increase the prices of high-value items, making them less attainable for individuals who work diligently and aspire to improve their quality of life, pursue their passions, or engage in hobbies? Let's acknowledge that people have their desires, and it may not be equitable to exclusively cater to the affluent through a selection or auction-based system. On one hand, the high cost of cars is a concern, and on the other, the extension of car ownership when it comes time for renewal. It would be advisable to reevaluate the current ten-year lifespan for cars and address the actual issues they aim to address. Similarly, certain policies, such as ERP, may not effectively address traffic congestion, and the availability of affordable housing through HDB may present challenges in terms of accessibility and affordability.

@eddyzulkarnin8233

9 ай бұрын

Singapore being the most expensive country to buy a car but i dont understand why our taxi & ride hailing fare is not the most expensive comparing to other develop countries. Take example, Japan, Australia, UK, the fare is reasonable for taxi, ride hailing for driver to make a living. Even foreigner saying that our ride fare is very very cheap here. Stop exploiting our poor local drivers with such cheap fare as we are already in 2023.

COE is a Tax... so let the government collect tax on (most of the time) unnecessary items like cars and reduce it on things like GST instead. the CoE should be multiplied with each car per household. for example 1st car 100% 2nd car 150%, etc... and car sharing (taxi?) schemes for professional use only should be at 50%. There should also be some scheme for families with young kids or elderly with mobility issues. Ultimately cheap car sharing schemes is the key on such a small place as SG.

The cost of owning a car is primary driven up by car rental (sharing or phv rental) and even private car owner phv. When a business do not have to justify their cost , passing down all their cost to the consumers, then they don’t have a cap to bid the COE. Private car owners with the exception of ultra rich will eventually be bid out by the PHV and Rental companies. Putting them (car rental and phv) in a separate commercial category is the only way out of this, so the business can be controlled by the natural market, that eventually taking a phv or rental will be more expensive than owning a car. I don’t know why such simple economics noone in the authorities can’t seems to see it. And for the people who say this doesn’t affect you because you take public transport. Remember everything in the consumer market require logistics. When all coe goes up, so will your goods delivered to your home or even to the supermarket.

Government needs to revamp the COE system. It’s 30 years old and today unlike in the past, the fleet management business model like private car hire companies are driving the COE prices to record levels leaving families who needed a car not able to afford one. Fleet management companies can bid as high as they want as long as they can rent out their cars. The higher they bid, the higher they charge the rental to pass on the higher COE cost to them. So these companies need to have a separate category of COE so they don’t mess up the COE prices for individual owners like families with children no old folks who needed a car. I am sure the government is fully aware of this but maybe reluctant to make any changes due to the potential huge adverse revenue impact for the state coffer. Until the crazy COE prices become an election issue, I think nothing is going to change. Increasing COE supply did nothing to stamp the record prices. So what’s the point of doing it just to show the government cares and is doing something? If you do something and it doesn’t work, why waste time? The crazy COE prices make Singaporeans and Singapore a global laughing stock.

Its does make sense a family of five children cannot afford a car when they need to pay for people carrier maxi cabs and may not be able to bring 2 child seats with them. Same for families with disabled or special needs children. but if your rich you can have as many cars as you wants. It's not fair on ordinary families. Max two cars per family even if you are rich

@jovenang7811

9 ай бұрын

There is the GrabFamily option for 7-9 seaters. It's not about making sense, it's about knowing how to manage it when the situation calls for it...

I have never own a car in Singapore for the past 22 years. My son is now 22 years old and my daughter is 20 years old. No one need a car in Singapore. Car is a liability.

@tankman20064

9 ай бұрын

More like cannot afford

@lecherhao86

9 ай бұрын

Uncle. I have two kids as well. I can't afford a car and don't think of owning a car. Life goes on for me, and mind you I do bring my kids out only my own very often.

Families can do without cars, business, food operators cannot. What would they do? Charge COE prices to customers thru price hike !!! Thats how government induced high cost of living

If COE could be changed, wouldn't it be better to set aside at least half of the quota for people who really need the car? Maybe a first come first serve basis and by providing LTA with sufficient documents/proof that this person travels more than a certain mileage per month, he/she will be eligible for a lower priced COE.

I own a car but use public transport , car sharing, hailing services at times too. I like the point of Adaptability... Note that we have so much transport options in Singapore. I personally prefer point to point like BlueSG, is a best model and cheaper too. I don't have to pay while not using the car and not obliged to return it to the same location.

@clementckw

9 ай бұрын

but the problem is these cars are dirty and poorly maintained due to the lack of ownership, and when you get into an accident - whether it is your fault or not - the liability and risks are not worth it. overall i dont see car sharing as a viable sustainable option.

@jovenang7811

9 ай бұрын

But BlueSG has monthly membership fees, if that part can be waived, then at least it can be comparable to taking ride-hailing services...

@k3nutube

9 ай бұрын

@jovenang7811 subscription is only 8 per month, if you use bluesg a few times, it's still better than ride hailing... specially during peak hours.. way cheaper... only caveat is if you can get a vehicle and parking available.

Nice important podcast but I didn't hear any real solutions. Traveling without kids is easy in Singapore even during rush hours but unfortunately having kids is a different ball game. There is no way I can get in to MRT from after 730 am is always packed. The same for the bus from 730 to 930 am all full or with the stroller already. So how to get to the Dr appointments, preschool etc etc. The time travel will be really long and frustrating. Gov is trying to encourage to have more kids but maybe instead of bonuses they should lower COE for families. Especially to carry small kids. I would implement: -Lower COE for families only (up to age 7 discounts) -Designated and separated space in each MRT train to fit strollers. -Redesign buses so they can fit more strollers. -Grow Get go services even more. Help them to grow. - Discounts for families to use Grab.

How to inspire your business partners and clients if you don't drive? No choice, pay thru the nose. But seems like there is no better solution.

I have relatives who own one person one car. Neighbour owing 3 cars in one family. They can afford.

And it is RM56k for a Tesla Model 3, latest model, on the road 😮

Wrong question asked…. The correct question is - Does high election result above 55% for any ruling party results in general cost or higher revenue for government ???? This is the correct question! Someone told me election results above 55% always cost spike in higher government revenue

After so many years, what has the pap,lee, tharman and teo DONE or served for common singaporeans? Nothing even at all.

@jefri4176

9 ай бұрын

70.41% are happy with tharman as president. So you are the minority 29.6%?

ASTRONOMICAL RECORD COE Prices. 171.5 MILLION collected in just 1 Cycle Extrapolate 12 mths x 2 cycles >4 BILLION 💰💰 Collected from just Printing " INVISIBLE " Paper 4G ADDICTED to 💰💰💰

@wowokingxoxo

9 ай бұрын

Dun forget ARF

@vincecarlo

9 ай бұрын

@@wowokingxoxo ONLY In SG where a Single Pdt can be Taxed 8 TIMES in 8 Different WAYS. 4G is ADDICTED TO💰💰💰 This Multi Level Taxation on Vehicles in SG that makes it THE MOST EXPENSIVE Country for Car Ownership. Vehicles are Slapped with 8 Different Taxations on A Single Product - Import Tax - ARF - COE - Registration - Road Tax - ERP - Petrol Tax - GST It is A Well Devised System to Squeeze the Citizens in Multi Faceted Taxation System. 61% Voted to Be SCREWED

Don't forget transport fare increase , conservancy charges increase with estate getting much dirty than before after cost increase , higher cost of much SMALLER hdb flats with very heavy "" grants "" n "" subsidies "" Water and gas price increases , ministers salaries increase , higher housing , education , and car loan interest rates , Higher cost of education , alamak lots and lots more suffocation , struggle , stress , suicide with "" smart "" voters . During election most benefit with buying votes with vouchers and gets slaughter repeatedly again and again . Well done singaporeans .

@scbchong6964

9 ай бұрын

But you forgot singaporeans now got too much money and fomo. Singaporeans got high pay and every month 30-50 citizens sell their HDB unit for a million. Why blame govt when it is YOU who are bidding against each other for car COE?

I still don’t understand the purpose of COE….. Lousy car + COE = Price of an actual expensive car. Why not just bring in cars that’s worth that amount of money since cars were not meant to be cheap in Singapore anyways? Then, impose a 10yr ownership rule with no cost and only impose COE/renewal charges for owners who wants to continue keeping their car for more than 10yrs……. That way u get to control the amount of cars on the roads and people who can afford expensive cars would feel better, knowing the cars they spend on is well worth …… To me, COE feels like a way for XXX to siphon money off us (as a car owner)….. I would definitely be happier spending $180k - $200k on a 7series than an X1 …….

Can the 5% (or even less) of Singapore's population that seems to account for 90% of the city's super high GDP per capita... Stop owning 6 cars per a family of 4?

Just go for Grab or any ride hailing / cab service if you can live with public transport mainly and don't need to move around by car every day. The great thing about ride hailing services is that there's no need to drive, go to the car park or bother about parking. That's real convenience.

@lzy245

9 ай бұрын

You are spot on about the convenience, but when taking ride-hailing, most drivers drive like they're in some "Fast and Furious" movie, like you signed up for the express lane to heaven. This happens partly because car rent is damn high, cost of living is also up, and ride-hailing rates keep dropping like nobody's business. Not easy for PHV drivers to earn a living these days. So no choice, riders became the scapegoats. For those with license, car sharing is preferable.

@rgravi

8 ай бұрын

But its unreliable (wont know driver arrival time until after booking?) overpriced and inflexible (cant pick up at bus stops!/ v specific pick up pts) doesnt work for me cos i need a cab when the bus is running late.