Will you be able to own your family's only car?

RE: Govt set to curb vehicle population

Read this?

"In his first wide-ranging interview with Singapore media, Mr Lui said: 'For the next three-year phase, it will not stay at 1.5 per cent but it will have to come down.'

The cut is likely to send the prices for certificates of entitlements even higher than current levels and car prices are expected to increase as a result.

The current COE quota with its soaring premiums has inflated car prices. A 1.6-litre Toyota Altis now costs over $100,000 as compared to around $83,000 11 months ago."


In other words, if you make an average income, you are unlikely to be able to afford a car easily. At one's average income, it's impossible to outbid those (locals AND foreigners) from the high income brackets, with company transport sponsorship etc.

When you have a family AND a car, it's certainly much more conducive for family time, e.g. family outings to the Zoo, East Coast Park, tuition etc. This is kind of most people's priority, right?

As such, are you sure you don't wanna fight for unlocking of the value of your National Service?