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Zero vehicle growth rate will not affect COE significantly
« on: November 06, 2017, 01:09:22 pm »
SINGAPORE: The decision to curb the car and motorcycle population in Singapore will not affect Certificate of Entitlement (COE) prices “significantly”, Senior Minister of State for Transport Lam Pin Min told Parliament on Monday (Nov 6).

In the government’s latest push towards a car-lite society, the Land Transport Authority (LTA) announced on Oct 23 that Singapore’s vehicle growth rate will be cut to zero, down from the current 0.25 per cent, for all private passenger cars (Categories A and B) and motorcycles (Category D). This will take effect from February next year.
Meanwhile, the growth rate for goods vehicles and buses in Category C will remain unchanged at 0.25 per cent until the first quarter of 2021.

More at https://www.prolificskins.com/forum/current-affairs/zero-vehicle-growth-rate-will-not-affect-coe-significantly