The budget was announced yesterday but it would seem the interest in the budget was totally overwritten by the tough MAS rule on vehicle ownership.
People are suddenly finding it IMPOSSIBLE to own a car anymore.
I got something to say about the situation.
Vehicle ownership before 2000
Many have forgotten or were too young to remember the state of car ownership prior to 2000. Then, prices of car is not as expensive as current situation, but it wasn’t cheap either as the income level was not like current situation.
But the significant similarity with the new rules is that financing was not lax.
Only those that can truly afford a car (read the rich) can feel proud to drive it and it became a status symbol.
There was a lot of noise made that it is uniquely Singapore to not focus on personal transport.
