Additional 20,000 COEs could stabilise vehicle prices, but this is only possible with ERP 2.0, say analysts
WHY IS COE INJECTION NOT INCLUDED AS PART OF VEHICLE GROWTH RATE? LTA said the move to increase COEs will be on top of the existing allowable vehicle growth rate (VGR), which remains at 0 per cent for most categories. The VGR is the annual growth rate of the total vehicle population in Singapore, and … Read more