koolgal
05-08 13:06
🌟🌟🌟Is it finally time to surrender to the MRT or do we keep fighting for the freedom  of driving a car?

In Singapore COE premiums hit a high of USD 124,790 in May.  That is not a typo error.

The Case for the MRT:  With Keppel, Cantonment and Prince Edward Road Station, opening mid May 2026, the rail network is getting more extensive.

The Case for the Car:  If you have a large family, the hidden cost of your time and sanity might still outweigh the staggering price tag.

Personally I prefer to ride the MRT as it is easy on the pocket and avoids traffic jams.

@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub


Singapore COE Breaks S$125k: Automakers Earns Profits or Brand Prestige?
The results for Singapore's first COE bidding round in May are out: Category A (Small/Mid-sized) hit S$124,790, and Category B (Large/Luxury) reached S$126,236. With the COE exceeding S$125,000, would you buy a car or stick to the MRT? How much higher do you think this market ceiling can go? BYD has captured 20% of the market share; do you bet on BYD because of its Southeast Asian expansion narrative or its domestic sales performance in China? NIO is taking the premium route, but it costs S$300k+ to get one on the road in Singaporeβ€”do you think there is a genuine need for this segment?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Ztradee
    05-08 14:40
    Ztradee
    It's in SGD actually. Typo on denomination [Grin]. You're spot on, on the affordability and practicality of owning and running a car here. For those who have already owning and convenience of having a car, it will be a difficult choice. In reality, we cannot stop the younger generation from having that aspiration of having a car, not just as a luxury but convenience. At the end of the day, it boils down to ones income and affordability factor. Hopefully the future generation will be able to make wise choices of not having themselves got trapped in loans for things they cannot actually afford.
    • koolgal:Β 
      If it is USD, owning a car in Singapore is beyond the reach of the average person.
    • koolgal:Β 
      Yes you are absolutely right πŸ‘πŸ‘πŸ‘
  • CayChan
    05-08 15:33
    CayChan
    Let’s say u have extra 1mil in the bank you wouldn’t think this way [Happy]
    • koolgal:Β 
      Yes if I have an extra million to spare, why not?
  • Aqa
    05-09 21:51
    Aqa
    πŸ‘πŸ» @1PC
  • shanechang
    05-09 12:27
    shanechang

    Great article, would you like to share it?

  • zuma
    05-09 08:03
    zuma
    thx
  • gnnivla
    05-08 22:22
    gnnivla
    VTO
Leave a comment
9
231