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$$$ PHV car rental surge over the roof top

8::::::D

Alfrescian
Loyal
464508077_120212418454120056_1624349078681279322_n.jpg


start at

$40 per day then
$50 per day then
$60 per day then
$70 per day then

now $90 per day
effect of high COE
 

shiokalingam

Alfrescian
Loyal
Too many drivers
using phv as family car and as a form of side income and topping up petrol in JB.

phv trip fares dropping non
stop .

Grab Rentals and phv Rental Companies
petrol companies , LTA are the real
winners.
 

shiokalingam

Alfrescian
Loyal
Huat big big loh

didn,'t know
the COE revenue collected each year
is also a state secret :(

See ChatGPT ,


In recent years, the Singaporean government has collected significant revenue from the Certificate of Entitlement (COE) system due to rising COE prices. The COE, a permit to own a vehicle in Singapore, has seen record high premiums, driven by demand and limited quotas. As of 2022, for example, COE prices in certain categories peaked at over SGD 114,000 in the Open Category (used for large vehicles) and SGD 92,000 for Category B (cars above 1,600cc). These high prices reflect both demand and government policy aimed at controlling vehicle population in the context of limited road space.

However, the government does not publicly release exact figures on total COE revenue each year.

Estimates based on bid prices and the number of COEs issued suggest that annual COE revenue likely reaches billions in SGD, given the high premiums across various categories.

The COE revenue is part of Singapore's overall transport policy framework, which aims to manage traffic congestion and promote public transportation as alternatives.
 
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