Instead of Making It Expensive to Own a Car, Why Not Make It Expensive to Use Instead?
Before writing this commentary, I checked trending searches on Google over the last quarter. Among Singapore’s favourite three-letter acronyms, the top was HDB, followed by CPF and COE. That is until May 4, when the Certificate of Entitlement (COE) trumped Housing and Development Board (HDB) and Central Provident Fund (CPF).
It’s worth stressing that COEs are not the top concern of all Singaporeans. They are the top concern of a relatively vocal segment – especially recently, with COE prices crossing S$100,000 (US$75,000) and continuing to trend upwards.