Singapore gasoline is currently about SG$2.00 per litre, which equates to about US$6.06 per gallon.
If I want my motorcycle I'd have to pay nearly 2k just for the certificate of entitlement.
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Singapore, being a small and densely populated city-state, cannot really accommodate a large fleet of autos traveling on its roads and filling its car parks, so it has adopted policies to encourage use of public transportation, and discourage private auto ownership. A quota system controls the number of autos in the city. It also makes a nice revenue stream for the government. The discouragement part of the strategy is apparently not working.
In order to purchase a vehicle, you must acquire a COE. This entitles you the privilege to buy and own a vehicle. A quota is established each year for the number of COEs to be issued, and it is necessary to pay the bid for one. A COE is good for 10 years, after which you must must export (sell) or scrap the vehicle, or purchase a new COE for the auto. With a limited supply, and an ever increasing demand (ask any taxi driver-- the roads are "getting worse", even with the controlled increase in autos) the COE prices continue to rise. The most recent prices were published in the news today (shown above). Note that this is the price for the COE-- in addition you would still need to purchase the automobile, and license it.
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Once I ask a few people how they got there and what they paid, perhaps I can find one. It takes too long to travel to the center of the city on the MRT for my taste.
I bet that if you did a cost analysis, you'd find that taking a taxi when needed, would be cheaper than owning a motorcycle. Can you rent motorcycles?
ReplyDeletethat is probably true... yes, i heard you can rent them by the month, from a dude with a Harley-Davidson jacket, but the price he remembered was outrageous....
ReplyDeleteim still looking into it