Yahoo Poll: As COE prices fall, are you interested in buying a car?

Rush hour traffic on the CTE. (Yahoo News Singapore file photo)
Rush hour traffic on the CTE. (Yahoo News Singapore file photo)

Singapore is known for having some of the highest costs of owning a car in the world. The quota system (i.e. requiring Certificates of Entitlement, or COEs) means that car prices remain high due to a controlled supply.

However, COE prices have declined in the past year, which could result in higher demand for private cars.

As COE prices fall to their lowest levels in years, we wonder: Are you interested in buying a car? Or do public transport and private hire vehicles adequately serve your transport needs?

Take our poll and leave a comment below.

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