SINGAPORE, April 13 — Every time Mandy Mok leaves her home with her three-year-old daughter, she has to take along a stroller and a heavy diaper bag laden with everything the...
SINGAPORE, April 13 — Every time Mandy Mok leaves her home with her three-year-old daughter, she has to take along a stroller and a heavy diaper bag laden with everything the child may need for a day out. That is why the 39-year-old yearns to have her own car.
Some of them have owned cars before while others are managing for now by using ride sharing services and rental cars. In the open category, which can be used for any types of vehicle except motorcycles, premiums rose to S$118,990 from S$116,020. The previous record was S$118,001 in the Feb 22 bidding exercise.
Tan believes that the frequent rises in COE prices is not sustainable and it is becoming more of a “wealth tax” because cars are generally deemed as a luxury only for those who can afford to buy them. “We usually eat out but now our choices are more limited. We’ve also avoided going multiple places and carrying heavy things because it becomes a chore without a car. Instead, we just stay home more nowadays.”As a health consultant, Nick Zhuang, 26, does not need a car for work but he believes owning a vehicle is associated with earning a high income.
The Land Transport Authority has indicated that the COE supply will not increase for a couple of years.
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