It's definitely insane how high the cost of car ownership is in Singapore. I grew up in Singapore and was always amazed by the huge price tags of car ownership. I have since moved to the US a few years ago and been fortunate enough to be able to afford multiple cars for the cost of maybe one car in Singapore

There should be a fair balloting system instead of highest bids winning COEs but Singaporeans don't seem interested.

@Alozhatos

10 ай бұрын

Sadly because most middle incomers live in their own bubble.

@CalvinK-the_old_fogey

10 ай бұрын

Firstly, the price of the COE is not the highest but the lowest winning bid. The bidding system is not as simple as you think. Secondly, not everyone needs a car so how can it be fair when this person got the ballot and then sell to another buyer? Singaporeans and the authorities have thought about all these issues. It is too naive to think the locals are apathetic.

@djdB

10 ай бұрын

@@CalvinK-the_old_fogeyWhat..Obviously prices are dictated by how much wealthier bidders are prepared to pay and not the other way around. And who's to judge who needs a car more than someone else? Rules can very easily be put in place to prevent ballot winners from on-selling within a certain period. Singapore is great with implementing all sorts of rules.

I believe sg motorcycles are also super expensive. 8k to 10k in just tax aka COE. COE only is valid for 10 years, not forever.😅

5:00 it's actually going to either South Asia or East Africa, UAE is just a transit country

COE bidding process is not transparent enough. COE for commercial vehicles like taxis and cars for private hire vehicle should have a separate COE category and car allotment.

Can't imagine anything stupider. Cars still go around, but only rich people's. It's a war against the poor

@ryanwhatever123

8 ай бұрын

It always was, the ruling class lives by "rules for thee and not for me".

@pervertt

3 ай бұрын

Disagree. Driving a car is a privilege, not a right in a congested city state. There is only so much road capacity in Singapore. If everyone was able to own a car, the roads would be grid-locked and a disproportionate amount of land would be needed to garage parked cars. Which defeats the mobility purpose of owning a car. Singapore fortunately has good alternatives for non-car owners - excellent public tranport, good footpaths and bike paths. I like my cars, but managed to live there for 3 years without owning a car.

3:54 the reflection of the water already revealed his plate number.

World most expensive country to buy a car but taxi & ride hailing ride fare are way very low comparing to other countries like Japan, Australia, London & the list continues. Have anyone ever thought about it, driver daily overhead such as rental/lease, petrol, carpark and many more.... everything are getting expensive but fare most of the time are still pathetic. For driver, more daily trips plus longer working hours. How to have work life balance like that? Western tourists also wonder and ask driver how they earn with low ride fares in Singapore.

I think this is because more and more singaporean are doing grab, gojek, tada driver as a full time job in recent years. Gov should open more high salary job opportunity for us citizen to solve this issues. Plus high COE also affect consumer as grab,delivery, private bus operator will increase price because of high coe as all using the same COE pool.

@DWREV

10 ай бұрын

Have you already seen an increase in prices of shared transportation in Singapore based on the rising COE prices?

So many used Singaporean cars are in Jamaica

@michaelqu

Ай бұрын

And in Myanmar

Currently driving a ex Singapore Mercedes s class W140 . Import it into my country 2002.

That is why Grab Taxi 🚕 business became popular.

public transport is not fantastic here. it's only good if you are going short distances

Just another rich autocratic regime where only the wealthiest matter

@ryanwhatever123

8 ай бұрын

It's everywhere nowadays, the EU is going the same route. Working people should own nothing and be happy about it, while the rich drive their sports cars, live in mansions and enjoy the highest quality products.

This is insane.

its weird you cant resell the car in the country

@CalvinK-the_old_fogey

10 ай бұрын

It is possible but it does not make financial sense. So it is better to re-export.

Check out algeria a 2001 car Peugeot 406 sold for 24000€

Well, how fair is that for the poorest citizens? If you are rich enough, you can buy your right to drive, right? If they really intend to keep polution and traffic down, there should be granted by a lottery of some sort.

@Alozhatos

10 ай бұрын

COE already putting put the poor from owning motorcycles in Singapore. Poor in Singapore mostly received more penalty and more challenges outcome to escape poverty due to easy access of Malaysian labourers across the causeway with advantages. Malaysian labourers already owned motorcycles at lower price. Putting out many poor Singaporean opportunities.

@SivalinPuthery

10 ай бұрын

Why don't you take a step back and ask why is there is need to get a hunk of depreciating metal when it takes 20 minutes to drive from west to east in a small country like Singapore ? And on top of that the public transport is world class. Won't Singapore have terrible jams like in the US and UK and smog killing places like Dehli and Bangkok if everyone owns cars? It is not about poor or rich, it all about having a practical transport system given the size of Singapore

@j.pietrcwb9141

10 ай бұрын

@@SivalinPuthery I agree, that’s why it should not be a question of money, but of necessity. A poor citizen will never be able to drive, even if he really needs it for mobility, family needs, etc.

@CalvinK-the_old_fogey

10 ай бұрын

“How fair is that for the poorest citizens” ? That’s a very naive question because that statement applies to all countries anytime. Tell me which country treat their poorest citizens ‘fairly’? 😂

@ntnchua

9 ай бұрын

@@CalvinK-the_old_fogey A lot of western Europe treats its poorest citizens fairly. Perhaps too fairly, such that it drains the government's coffers at an alarming rate.

I just hope people who don't live in the cities can get around easily with public transport... Otherwise there should be an exception for residents in teh country areas..

@Dankboi420

10 ай бұрын

The whole country is a city

@kierangan7944

10 ай бұрын

@@Dankboi420i think certain parts of Singapore can still be considered country side

@entrydenied

8 ай бұрын

@@kierangan7944Not really. Most of the population live less than 5 min away from a bus stop, or less than 10 min away from a train station. If you're not, then you're most likely rich enough to live on private property,which means a cost of a car is nothing to that person.

🤯🤯🤯🤯🤯🤯

Might have to all in on my bank account account

Car seller and grab control the coe prices... The car seller buy new car for rent.

This is one of the reasons why Singapore has one of the LOWEST birth rates in the world. The policies of pricing out personal transportations for the average family men with aging parents and Young Children is ABYSMAL! Using land scarcity as an excuse by the powers that be and their supporters no longer holds water when you see Ultra rich individuals high up in the social hierarchy owning MULTIPLE cars.. 🤦🏼

@Neojhun

2 күн бұрын

"owning MULTIPLE cars" Doesn't mean they actually get driven and take up space on the road. Those are garage queens. Land Scarcity is not an excuse, it's just a physical fact.

NOT one hundred....147K is more accurate

@DWREV

10 сағат бұрын

At the time the story was made, it was around the 100,000 mark. But we take it prices have risen since!

Solution, give companies tax break for allowing employees Work From Home.

Some people have offers for free cars. Those who are needed by others gets offers of free cars. Reject offers by saying - commercial vehicles are better because those are not permitted to cross the land crossings to see lower. Public transport is often quicker. International drivers are a terror on the roads, especially since 2014. Running costs are not worth the trouble. The places accessible are not worth my time. For the maintenance costs alone, parked, i can eat like-a-king and show-off spending big at the cheapest-place on a daily basis... Social with car-groups are like strangulation. Merlion is a story and a warning signal to puke-worthy disgusting self-important characters. Don't mind the price. There are many pretending such things to be worth something in order to off-load to you. They think stupids have money but they need to off-load. The mechanics need upgrades. The parts need certification and warranty. The designs need to be old-school. Might as well use the public-transport which other countries cannot copy efffectively.

My colleague from Singapore was in town this week and told us about this. I think it's genius, keep cars off the road, minimize traffic, and have amazing public transport.

There really are not many people here who NEED cars. Our public transportation system is far reaching and affordable, and safe for children to go to school on their own. Our ride share apps are not too expensive as well, should you need to get somewhere via car.

Maybe in the future Malaysian registered vehicles espcially cars become a necessity for growing Singaporean economy ride hailing, PHV with Malaysian registered cars. With current COE price for motorcycles, Malaysian motorcycles already flooded in Singaporean roads due to business necessity for motorcycles. Singaporeans lose a lot with COE.

@wrblue08

10 ай бұрын

SG Gov can create law overnight to stop anything which causes them to lose money.

Stop with the Car centric misinformation. In a tiny place like Singapore a car is NOT up ward mobility tool. It's just another burdensome depreciating assets which you can't fully exploit. There is no cross country highway cruises in Singapore. It's not going to help the poor have better access to anything. Using a 1.6 Tonne machine just to move a few people around a super dense city is foolish.

@DWREV

11 сағат бұрын

We see what you mean, but the point the story tried to make is that one of the ways in which Singapore controls traffic density and air pollution, is by making cars less accessible to people. And as you can see, our journalist herself relied on public transport even while filming this report.

Meanwhile, us neighbouring Malaysians still have to live with 300% import tax to protect P1 and P2. Thanks, Dr. M.

@jasper5097

10 ай бұрын

That's only on foreign cars. Locally assembled Perodua, Proton, and other brands like Mercedes-Benz and Volkswagen don't have the import tax.

@ThisnametaKenny

10 ай бұрын

Second hand is affordable even with the lower salaries. But as you said....Dr M and his cronies.

@PemadamGergasi

20 күн бұрын

Dr M alreary not in power. Current goverment can change the policy, if the want

No down-payment required, and able to use the car for delivery jobs, actually anyone in Singapore can own a car if they really want to.😊

3:38 Hayaaa that guy with fancy expensive car just wanna enjoy driving. Why spending so much money on imported goods when this guy could work in the city local bus company on night shift? ayaaa. He could save money promote better environment and contribute for better economy laaa.

@mzee5533

10 ай бұрын

This guy must migrate to USA 🇺🇸 or Canada 🇨🇦 where you can drive coast to coast for over 5k kms

@ryanwhatever123

8 ай бұрын

This guy doesn't care about such nonsense like the environment or how expensive it is, these things are for poor people to consider.

They are entitled to their country's stance on area, ecofriendly, revenue to government. Well applauded initiative

Self-driving taxis will wipe out most reasons for car ownership, other than the prestige and sports car enthusiasts.

@FAT8893

10 ай бұрын

Totally doubt it'll catch on.

Maybe Singapore is right - and we are absolutely wrong. One thing I can not agree with is that Singapore separates stores from houses, which is rather bad as if I simply want to buy a loaf of bread, I should not have to (a) spend 30-minutes each way of commuting worth of emissions, and (b) lose an additional 1 hour of my time.

@entrydenied

8 ай бұрын

You don't need to commute an hour just to get bread. There are super markets within walking distance or a quick 5 to 10 min bus ride from anywhere.

@hitardo

8 ай бұрын

@@entrydenied thank you for the feedback! My comment was based on the information I gathered from the video - as I never been to Singapore. Cheers!

@jasperteo8443

5 ай бұрын

@@hitardo Pretty much the government here has planning thought out. The different residential towns were planned so that residents don't really have to get out into the city area to get their necessities. Each residential town is self suffcient, with schools, shopping and etc.

@hitardo

5 ай бұрын

@@jasperteo8443 thank you for your feedback. Do you like living in Singapore? I would really appreciate a honest opinion from a local, preferably from one local that have traveled to some other West and Asian cities.

move to electric

verry bad law

@theblessedone9700

8 ай бұрын

So it seems. But it is an extreme system because the country is trying to reduce Car emissions to avoid future serious health issues. Look at China's severe air pollutions due to high pollution. Those who can not afforded the CEO & all poor Citizens.

I guess you don't know about Turkey. Turkey is the country where cars are the most expensive. A 20 year old Toyota Corolla is $20k or a New 2023 Camry is $140k. Mercedes S series 450-500k dollars ..

@wrblue08

10 ай бұрын

Add $50k to Turkey price and you have Singapore price. Didn't you know...Singapore gov wants to be #1 in the world for everything.

@Dumpylumpy90

10 ай бұрын

Singapore still more expensive

@endi4654

10 ай бұрын

In case you didn't know. The same car you're saying is 100k usd, and on top of that 85k usd for just the certificate alone. So go figure.

@Hawker400xp

10 ай бұрын

You cant compare because the Turkish lira is currently weak against the us dollar so you find all imported cars expensive. Turkey will also have to protect it's locally manufactured cars so it has to keep the price of imported cars higher to encourage your local population to buy local. Singapore dollar is weaker than the US dollar however, even when you convert we pay 3-4 times more than America, Europe and Australia.

Singaporean cars are expensive until you know Sri Lankan car prices.

@Dumpylumpy90

10 ай бұрын

Singapore still more expensive

@ianpolo5673

10 ай бұрын

A new 1.6 litre Toyota Corolla Altis selling at around SGD165000. And the 1.8 Hybrid at SGD225000. How much Sri Lanka is selling for these respectively?

Sure, the people in power can afford anything here. Irony is, they are voted into power by the peasants 😅

@comments7335

5 ай бұрын

Most realistic comment in here👍

Well somebody needs to fund that police state, so it makes sense.