Transport Minister Jeffrey Siow on proposed COE ‘feebate’ system

The Land Transport Authority (LTA) is studying the possibility of a transport grant for large families, with details to come later. Transport Minister Jeffrey Siow said support for families must take into account not just those who plan to buy a car, but those who want to rely on public transport. He was answering questions in parliament on Tuesday (Nov 3) about the proposed Certificate of Entitlement (COE) "feebate" system. This aims to restore a permanent price distinction in COE premiums between mass-market and luxury cars. To help individual buyers who wish to bid for COEs on their own, LTA will evaluate whether to further reduce COE bid fees and whether to require motor dealers to publish car prices without COE, said Mr Siow. He also explained why creating a separate category for private-hire cars is considered unfeasible. Read more: https://cna.asia/3UxIlVO