@mustsharenews: The Land Transport Authority (LTA) explained that it will rule out creating a separate category for private-hire cars (PHCs), and instead introduce additional trade-offs without necessarily lowering COE premiums for individual car buyers. It will also not put an extra surcharge on multiple-car owners, highlighting that multiple-car ownership in Singapore has been falling, and a surcharge would also be “unlikely to have a significant impact on COE prices”. The LTA’s position on COE for PHCs received mixed reaction from netizens on its Facebook post on 29 Oct. Link in bio: @mustsharenews 📷: Land Transport Authority – We Keep Your World Moving on Facebook, CK Seng on Pexels for illustrative purposes only

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Monday 02 November 2026 09:58:43 GMT
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koala.b34r
ʕ·ᴥ·ʔ 🐨 :
soooo they're basically saying that they aren't gonna do anything about companies hogging up the COEs and people who owns multiple cars. In a land limited country and quota based vehicle restrictions, people should not own multiple vehicles. In a system with strict vehicle quotas, owning multiple private cars means taking away the opportunity for someone else to own just one.
2026-11-02 11:11:40
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