03 Oct '11, 10am

COE prices to increase, more plans to curb vehicle growth ahead

COE prices to increase, more plans to curb vehicle growth ahead

The Government plans to further curb vehicle growth, given how Singapore has limited space for new roads, said Transport Minister Lui Tuck Yew. -- ST PHOTO: ALPHONSUS CHERN By Maria Almenoar The Government plans to further curb vehicle growth, given how Singapore has limited space for new roads, said Transport Minister Lui Tuck Yew. Observers say the move is likely to push Certificate of Entitlement (COE) premiums - hence car prices - beyond its already high levels. Mr Lui said that the current annual growth rate of 1.5 per cent had to be revised to a more sustainable level. In the meantime, the government is also continuing to make improvements to public transport, so people have time to adjust, he said. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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