Economy

Lack of space: No more extra cars allowed in Singapore from 2018

Lack of space: No more extra cars allowed in Singapore from 2018”

Singapore's Land Transport Authority (LTA) has announced that the growth rate for cars and motorcycles in categories A, B and D will be zero from February 2018, down from the current 0.25%.

This group of vehicles, which belong in the A, B and D certificate of entitlement (COE) categories, will have their growth rate cut from the current level of 0.25 per cent per annum. The limit on vehicle growth rate will be reviewed again in 2020.

Singapore tightly controls vehicle numbers by setting an annual growth rate and through a system of bidding for the right to own and use a vehicle for a limited number of years.

However, the growth rate for Category C vehicles (commercial vehicles and buses) remains unchanged at 0.25% until 2021. Roads already account for 12 percent of Singapore's total land area, it said. The city-state has expanded its rail network by 30 percent and added new routes and capacity to its bus network. This means an average monthly quota of 8,635, continuing a decline that started last quarter.

While owning a auto remains an aspiration for some, higher prices that could result from a tighter vehicle supply could mean more consumers ultimately keeping to the more economical option of taking public transport.

As one of the world's most expensive places to own a vehicle, Singapore is to cap the number of vehicles on its streets next year due to lack of space.

It applies to private cars and motorcycles, but not to goods vehicles and buses.

"Raising the reliability and quality of public transport would also help a car-lite society to take shape here", said urban transport expert Park Byung Joon from the Singapore University of Social Sciences (SUSS).



Like this

loading...
loading...

Latest


24 October 2017
SmackDown Invades Raw, Survivor Series Matches Confirmed
With no women determined for the match, Angle chose to make this triple threat match with the victor becoming the team captain. And, of course, it was officially revealed by Angle that Universal Champion Brock Lesnar will face WWE Champion Jinder Mahal.

24 October 2017
Same-sex parented children do well as their peers
One claim is that children and adolescents with same-sex parents are at risk of poorer health and well-being than other children. They said the results had been replicated across independent studies here and internationally.

24 October 2017
John Kelly and the Language of the Military Coup
As if on cue, the first reporter allowed to speak inserted the phrase "Semper Fi"-a literal loyalty oath-into his question". He rattled off a litany of things that had lost their sanctity: women, life, religion, Gold Star families.

24 October 2017
'Armed man' arrested following series of carjackings in Dublin this morning
Anyone with any information should contact Gardaí at Tallaght Garda Station on 01 666 6000 or the emergency numbers 999 or 112. Following an incident this morning, Gardaí in Tallaght are carrying out searches of the area for a man believed to be armed.

24 October 2017
R. Kelly Accuser Details Years of Alleged Abuse
A representative for Kelly denied "any claim of wrongdoing or any kind of mistreatment" by the artist to Rolling Stone . Jones, after public statements to the contrary, is now attempting to portray a relationship history with Mr.

24 October 2017
Cleveland Clinic Researchers Finds Breast Cancer Breakthrough
Now, a new study in the journal "Oncotarget" may give a hint as to why some seemingly healthy, normal women get breast cancer. Others, known as oestrogen-receptor negative, are not affected by the hormone and are more hard to treat.

24 October 2017
Philadelphia Eagles' Jason Peters leaves field on cart with knee injury
He's out for at least the remainder of the game, and given the nature of this sequence, probably longer than that. Washington defensive lineman Ziggy Hood accidentally rolled into Peters' right leg.

24 October 2017
Iraq PM challenges Tillerson on Iran remarks
Both federal and Kurdish forces have been key U.S. allies in the war against IS. The cabinet added that "nobody has the right to interfere in Iraqi affairs ".

24 October 2017
Amid Florida's struggles, Jim McElwain says there have been death threats
Patrick out: FSU RB Jacques Patrick will undergo surgery this week after tearing cartilage in his knee Saturday. The Gators rank 102nd in the nation in total offense, showing little progress from McElwain's first two years.

24 October 2017
VW diesel emission fixes given U.S. approval, avoiding buybacks
Volkswagen has acknowledged installing the illegal software on almost 600,000 vehicles in the US and some 11 million globally. Newer models reportedly only need a software upgrade, while some of the older models will require both software and hardware.