Wednesday, 18 February 2015

[Straits Times] Those with more than one car should pay higher COE

MR ALVIN Kuo Soon Siang's observation of current certificate of entitlement prices ("COE burdens buyers with smaller pockets"; last Saturday) is spot on.

Yes, for smoother traffic flow, Singapore's car population has to be controlled, but it seems that it is those in the middle class who are most affected by the rising COE prices.

Electronic Road Pricing charges are a big enough deterrent for motorists against entering certain areas during peak hours.

If it is not feasible to do away with the COE altogether, then at least do away with the COE for the first car ownership per address or household. Many Singaporeans own more than one car and heavier COE prices should be imposed on those owners.

The way things are going, many in the middle class are going to be squeezed out of owning a car.

Vaswani Hiro Sulachini (Mrs)