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What’s really driving COE premiums and the price of cars in Singapore
In land-scarce Singapore, COE prices and affordability of cars rest on the interaction of numerous factors.
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For people with young children in school or elderly parents in need of regular medical check-ups, a car offers convenience.
PHOTO: ST FILE
Raymond Ong
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At some point in time, many Singaporeans may wonder if they should own a car, and there are indeed plenty of reasons why a car can come in useful.
For people with young children in school or elderly parents in need of regular medical checkups, a car offers convenience. For those who need to be always on the move to meet clients and clinch deals, a car can increase efficiency. A car could also be a status symbol.
