COE prices soar in first tender for July

"I would rather take the bus to buy a new car," said Lim Hock Siang, 52, a computer consultant. "I sold my car, my children are grown, and public transportation is very convenient now.

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Lim is not alone in his views. With the rising cost of the certificate of eligibility for a car owner in Singapore, exploded, the real price of owning a car. Lim and many others agree that, given the efficiency of public transport in Singapore, possession of a personal vehicle is more a luxury than a necessity.

Two years ago, the annual quota of Centres of Excellence in May 2009 to April 2010 decreased 110354-83879 to it from year to year by 24 percent. At this stage of the € Europe for the class B (cars with engines of 1601 cc or more) vehicles dropped more, falling 31 percent.

COE prices soar in first tender for July