ST wrote an article with some reasons.
Fact is, a few years ago when COE was at $92,000, there was a clear “bubble” in car prices.
In fact, I dare to say that prices have come down that it can almost be considered economically viable for some people to consider upgrading their transportation method.
Some time ago, I wrote about the transportation situation in Singapore. I think that with more MRT stations popping up, along with so many transportation alternatives, so many last-mile solutions, people are realizing that the NEED for a car, is actually a very, very, expensive WANT.
It’s okay to WANT to have a car. You just need to realize that you just have to pay more. There’s nothing wrong with that. However, if you are struggling financially, it’s probably better not to get a car.
Honestly, I get why a car is great. But a lot …