The COE system has its good sides and its bad sides, for starters you cannot blame the government for using measures to control the number of vehicles in Singapore by implying the COE quota (hasn’t it been for that, you’d be feeling that traffic jams are an everyday occurrence), second it is a way to promote healthier life planning given that less people were opting for buying cars when the COE came on, it made it so expensive that for some it wasn’t possible. However, the bad thing is the very obvious discrimination between people that own a car in the moment, and the ones who don’t. And one shouldn’t need a picture to be painted to understand who the rich guy is when you see one person taking the bus and the other driving a car. The fact is that the COE system has little influence when it comes to rich people, maybe after a better planning to the system a solution would be made, but things just stay put the way they are. Adjustment hasn’t been made, well at least not in a positive manner that’s for sure. Back in 2013 the government introduced a new rule and a new set of restrictions for car loans that essentially made it harder to afford a car. Since the COE runs on a bidding system that depends on the quota of licenses available, it isn’t quite clear how much would a person end up paying, isn’t that a bit harsh? Basically the supply of licenses is controlled directly by the government and determined by their own estimation regarding the question how much would they want to expand the volume of cars circulating.
The truth is that there are a lot of obstacles on the way to buying a car and many people opt for the far easier solution, the public transportation. That’s the government’s plan anyway, to get the people to start using the perfectly normal (by many countries a rated as a world class) public transportation. Now a lot of people would agree that there is nothing wrong with that, and the ones that say something to argue with that are doing it of sheer stubbornness. However, people do not like to be deprived of the things they are used to have (would you rather go to a public bathroom or your own at home?). It is completely understandable that all the complaining has a very solid groundwork laid on, but the thing is that we have to face the reality that until a new system (that would offer a better mechanism) is presented, we will have to stick with the one that we have.