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Flatter COE supply curve may lead to more stable but not necessarily lower prices
A slew of non-supply factors needs to be addressed, along with a need to recognise that over-reliance on ownership measures will keep prices on an upward trend.
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Usage matters: The level of road congestion is not determined solely by the size of the car population.
PHOTO: ST FILE
Two things are clear from Acting Transport Minister Chee Hong Tat’s reply to a flurry of questions related to certificates of entitlement (COEs) in Parliament on Monday.
One, the Government is not convinced that private-hire vehicle operators are contributing to persistently high premiums. Two, the relatively new zero-population-growth policy for cars introduced in 2018 is here to stay.
