Will higher COE prices affect your decision to own a car?
COE prices for bigger cars and the Open category reached new highs for the third tender in a row, with the premium for an Open COE rising to $137,000.
image from motorist
Families with yound children face higher COE burdens?
Soaring Certificate of Entitlement (COE) premiums presents a challenging dilemma for many families. The high COE prices are unlikely to decrease significantly in the near future.
This reality forces individuals and families to make tough decisions about their finances, lifestyle choices, and future plans.
Public transportation might be accessible and affordable, but there are instances, especially for families with young children, where having a car is seen as a necessity due to the convenience it offers.
How will the soaring transportation fees affect society?
The impact of these "insane" COE prices extends beyond individual families and affects the society as a whole. In addition to COE premium, the public transportation fees are also hiked.
Some argued that it can potentially deter people from having more children, contribute to financial strain, and limit overall mobility and accessibility for families, especially those with young children.
Will high COE premiums affect your decision to own a car?
Are young families to be impacted the most?
How will the soaring transportation fees affect society?
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Well, maybe the car can only be affordable by the rich people. Those who are not very rich will usually consider to invest in other value growing items instead of car. Unless the price of ownership is much more reasonable. Anyway, I really hope the COE price could go down in SG one day although it is quite impossible! Either I invest better or work harder so that I can drive my own car in SG one day! Haha. @GoodLife99 @Aqa @Universe宇宙 @icycrystal @b1uesky @rL @koolgal
随着最近COE价格的上涨，🌟🌟🌟新加坡公司拥有世界上最贵的汽车，这是一个不受欢迎的名声！它正在成为亿万富翁蜂拥而至的亚洲瑞士。甚至雷伊·达里奥也在这里设立了办事处。
幸运的是，我们很幸运有一个优秀的公共交通，这是我们的邻国羡慕的。我不喜欢在新加坡拥有汽车，因为它贵得惊人。相反，我会使用捷运，如果需要，随时搭乘出租车。
汽车是一种贬值的资产，10年后，即使它状况良好，也需要被送到废品场。我更喜欢拥有股票和房地产，因为这些资产会随着时间的推移而增值。
在新加坡，汽车是奢侈品，只有富人才能买得起。然而，我宁愿住在新加坡，而不是世界上任何地方，因为安全与和平对我来说是最重要的。
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Friends come join @b1uesky @Jadenkho @Universe宇宙 @GoodLife99 @Fenger1188 @SR050321 @LMSunshine @MHh @koolgal @DiAngel @Shyon
Definitely an increase in the overall cost for young families to own a car. Of course there are those who were born with silver spoon will have no issue with the increase.
Public transportation is still cheaper than to own a car. Do weigh the options, the pros and cons before making a decision on owning a car in singapore.
having said that, cost of petrol is crazy high. it's forecasted to be nz$3.50/litre by summer. camping location may have to be just at our backyard