If we want affordable COEs, islandwide road pricing is the way to go
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Dennis Chan
NEW price benchmarks are such a regular feature in these inflationary times that they rarely make a ripple when they come along. However, there is a peculiarity with certain goods that raise the hackles among Singaporeans once an invisible line is crossed.
The first million-dollar HDB resale flat is one example. More recently, it was the S$100,000-mark for a Certificate of Entitlement (COE) in Category A, the one used to register bread-and-butter cars.
The outcry or disquiet – depending on one’s point of view – culminated in a spirited debate in Parliament over rising COE prices and a robust defence of the bidding system by Transport Minister S Iswaran.
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