The COE System has Failed

[glockman]

​

Singapore Voice​

The COE system has failed. Spectacularly.

Before we delve into this topic, let us run a brief overview of the Certificate of Entitlement or COE. Introduced in 1990, a COE gives a person the right to own and use a vehicle in Singapore for a period of 10 years.

The number of COEs available is determined by the Vehicle Quota System (VQS) which regulates the number of vehicles in Singapore. An auction is held twice a month during which one bids for a COE.

The COE system has undergone multiple tweaks and revisions over the years, including changes to the vehicle classification categories as well as the method for computing the COE quota.

In land-scarce Singapore, there must be a system to regulate the number of vehicles. Otherwise, the roads in Singapore will be even more congested than cities such as Jakarta or Bangkok.

However, is the current COE system effective?

Watch the video to find out as we explore more.

 

[blackmondy]

I'm waiting for 唐僧, aka WilliamShakespeare, to defend the COE system with his long-winded 碎碎念.

 

[rocket]

Coe rocket

 

[cow138]

The video has Good proposals.. inflationary pressures is getting ridiculous. We need intervention and not rely on purely market forces to limit the number of vehicles on the road.

 

[Franjipani]

pap must be voted out

 

[Loofydralb]

Stupid worships LKY, when he was the one screwing their lives over.

 

[Reddog]

PAP has divided Sinkie society into
Landed and HDB
Car and public transport.
.
Our tax regime will soon reflect this.
COE is beginning to rise
This should be followed by road tax, land tax, petrol tax, etc which are still very low.

 

[zhihau]

Demand and supply, COE will continue to rise as long as our population continues to grow.

 

[Franjipani]

Demand and supply, COE will continue to rise as long as our population continues to grow.

which evil and unscrupulous people cause the population to grow by importing more and more people?

 

[syed putra]

Normally, a very creative opposition would come up with a better proposal. But our opposition only talk about hdb issues. Even that they cannot improve. Sinkie lacks leadership capable people. On both sides.

 

[birdie69]

Demand and supply, COE will continue to rise as long as our population continues to grow.

COE will never decline as more and more new citizens brought in to Stinkapore

 

[batman1]

Only the wealthy can buy new cars.

 

[laksaboy]

Not at all, the COE system has been a tremendous success... if you recognize it for what it really is.

Hint: stop assuming the benevolence of the PAP regime. Once you do that, suddenly the scales fall off your eyes and you see everything clearly.

 

[mahjongking]

Coe rocket

you spelled wrongly sir, its racket

 

[syed putra]

Can't we circumvent by buying EV in jiu hu which currently is tax free, and pay daily charges to use in sinkie?

 

[Leongsam]

The COE system is working perfectly as it controls the number of cars on the road which is its primary purpose.

Implementing additional controls eg limiting households to a certain number of cars will never work. All it will do is create an underground demand for household quotas.

 

[rocket]

you spelled wrongly sir, its racket

Took me a while to understand

 

[eatshitndie]

i recommend raising the coe minimum to $369k and lowering the maximum number of new cars per year to 369.

 

[50000]

its the car distributors that bid for the COEs, the demand for cars will always be there as they need to secure the COEs in order to meet sales targets. so they try to outbid each other. our laziness to bid for the COEs is causing the high prices.

Maybe the first COE round for each month should be restricted to individuals only and any "unsold" COE then pass on to the second round

 

[Rabbit7]

How many billions, sgd has the Coe system collected thus far ?
Or annually basis ?