I saw the news last nite and was again shock with and increase of COE at $5,504.00! I had downgrade my transport from a car to a van and now a scooter for my daily needs due to lesser income to travel places that MRT and buses CAN'T reach in Singapore.The cost of living here is getting unnecessary high or highest for a low or middle income person to covered it! I was wondering why from a $1,500 to $1,700 COE that was 1.5 years ago can jump up to this ridiculous high, will these kill the Lower and Middle income person that need a transport and push them down the cliff!
I'm about 50 and meeting end meet for a family is a problems with the unnecessary "HIGH COST OF LIVING HERE IN SINGAPORE" and low income, initially when I bought a second hand scooter COE was around $1,500 to $1,700 which I think is reasonable as even if I keep the scooter for another 10 years and renew my COE is around $2,000 if it increase. But now it has jump 3 times or more and by the time I renew it it may be 4 or 5 or 6 times more??????? Are they pushing too.... much? I'm think earning a living is so.... hard in Singapore to covered the unnecessary high cost increase, can the people survive or end up loosing hope, what will happen next?
Look around our Singapore roads is there many motorcycle traveling around? Why the COE is so... HIGH? Will the COE be around $10,000 or more by 2 years time from now? If the government wants to control the increase of vehicles in Singapore they should NOT let any vehicles that is more then 20 years to renew the COE or every family should restrict to 1 transport with concession COE, the second vehicle from the same family with the same address should pay a higher COE, ERP, Road tax, Insurance and Carpark price!
I was wondering how our future children going to living here? Work and work every day and night with low income for unnecessary high cost of living till they are 70 to 80 ..... Is your money enough to cover the High cost of living here or you have to work and work to cover high daily expenses?
God bless Singapore!