05 Oct '11, 2am

The common dream of the average Singaporean is to own a car during his lifetime, says our reader. Agree?

WHILE there is no doubt that Singapore has a world-class public transport system, the Government must realise the average Singaporean's aspiration of owning a car during his lifetime ('Govt to rein in vehicle growth from next year'; yesterday). There is no denying this common dream and it is not enough that the Government provides an excellent public transport infrastructure at the price of denying all but the wealthy few access to owning a car. The reduction of the annual vehicle growth rate from 3 per cent to 1.5 per cent has driven the certificate of entitlement (COE) prices past $60,000. A more acute reduction in vehicle growth rate would send COE prices spiralling upwards, beyond the reach of most Singaporeans. While one appreciates the validity of the land scarcity argument, it should not limit the Government from exploring creative ways to meet a common aspiration a...

Full article: http://www.straitstimes.com/STForum/Story/STIStory_719899...

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