SINGAPORE: On Thursday night it was reported that prices of the Certificate of entitlement had risen yet further, reaching new records in the big car and Open categories.
u/fortprinciple acknowledged on r/Singapore that “COE prices are not set by the government but precisely by what people are willing to pay for it.” “For a lot of trips in Singapore, driving is still faster and more convenient than public transit. Excluding the initial capital outlay of purchasing a car, it’s also not much more expensive, as Singapore has very cheap parking by international standards.
We need to design urban infrastructure to not accommodate and prioritize cars as much. That means dedicated cycling lanes, more bus lanes in residential areas, and more road diets for cars.”