The Land Transport Authority (LTA) of Singapore has proposed merging Certificate of Entitlement (COE) car categories to simplify the vehicle quota system. This change could lead to higher costs for buyers of more expensive cars, potentially increasing prices by up to S$30,000 compared to mass-market models. The proposal also includes implementing a system of fees and rebates intended to balance the impact across different vehicle types. This aims to address concerns about COE prices and accessibility in Singapore. The LTA is seeking feedback on this proposal, which seeks to refine car ownership costs across the board. Details of the rebate structure and exact fee adjustments remain under consideration as the LTA gauges public response. The changes, if implemented, will impact both new and resale car markets in Singapore.

English
Français
Español
हिन्दी
中文