Premiums for larger and more powerful cars in Category B rose the most, from S$95,889 to S$100,684 - a jump of about S$4,800. ...
For Category A cars - or those 1,600cc and below with horsepower not exceeding 130bhp - premiums closed at S$73,801, up from S$68,001 in the last exercise. This category also includes fully electric cars with maximum power output up to 110kW, or 147bhp....
Motorcycle premiums closed at S$10,000, up from S$9,490 in the previous bidding exercise.
COEs for commercial vehicles, which include goods vehicles and buses, rose to S$53,002 from S$51,501.
The above is quoted from CNA.
In Singapore, everything is good news. Traffic jam is good news. Higher property prices are good news. Now COE premiums shooting higher everyday, breaking records. This is surely good news, if you know how to spin it. What the numbers are saying is simply Singaporeans are very rich and can afford to pay more to own a car or motorcycle. Where on earth could people pay for a piece of certificate just to entitle them to buy a car and the certificate is valid only for 10 years?
We shall all put our hands together to clap for the rich Singaporeans, including those that need to buy commercial vehicles and motorcycles for their ability to pay and pay.
And this is not the only item that goes up. Many other things are going up and up, petrol prices, utilities bills, GST etc etc. Can't think of anything that goes down. And with car prices going up in tandem, with petrol prices going up like nobody's business, and with Malaysia and some other countries banning exports of fresh chickens and what else, Singaporeans can look forward to spend more or everything.
They call this splurging. It is a privilege to be able to splurge and pay more for anything. Only Singaporeans can afford this privilege. Singaporeans should give themselves a pat on the back and say well done.
Singaporeans, huat ah!
Just think positive. Inflation, high cost of living etc etc are all signs of good times.
26 comments:
The rogues, crooks and scoundrels in the United States print banana money freely from thin air to cheat and swindle the people and the whole world. The island in the sun prints COE certificates freely. So what's the difference. In both cases the people are the losers.
God damned the billionaire and millionaire ministers and MPs.
Outraged and cheated.
COE is the island's euphemism for US PetroDollar
Yes, same operating principle.
Motorcycle COE price is ridiculous, more than twice the cost of a small bike. The G should look at most of the riders on the road and ask do they look like rich people to them.
Most are wage earners for which public transport is not feasible or costly on multiple trips.
About the petrol price, it isn't just the price of oil but the high duties here is the main reason. The multiplier effect of high petrol and diesel prices is one of the main reasons for the rise in prices in just about everything. Cut fhe duties iso the just rely on old targeted handouts that can only make the G look good and generous .
They give the people a few cents in voutures to shut their lips while they pay themselves immorally by the millions.In the meantime they overburdened the masses with extremely high direct and indirect taxes like COEs, GSTs, high utility bills, high property tax, Road Tax etc,etc.
Now got to tighten belt. Cannot say chicken expensive, eat fish.
Today I just eat vegetables and rice. $2.60 for my lunch at Golden Shoe.
There are quite a few wild chickens and boars in our parks and nature reserves. I think they taste better and organic somemore. Desparate times call for desparate measures. Even monitor lizards wouldn't be spared.
I ordered just curry chicken with rice cost 2.20. two pieces of chicken with lots of curry sauce
...so as to build a 888 (Huat..Huat ..HUAT) society ...based on raising all TAXES & INFLATion ..so as to achieve Crazy Rich & more Crazy Rich Sickaporeans...
This is how to grow the GDP. High GDP growth = high bonuses.
This is ALL due to making/creating high performance values for the high-paying Millionaires, who are already filthy rich by now. In this way, they can justify for the pay increase this July. How cleverly done.
But the thing is "People Are Not Stupid".
After so many rounds of fake increases, the People Can Easily See Through Their Thinly Disguised Fake.
Huat ah! Watch for bonus announcements. It will be unprecedented.
While other countries like Hong Kong, with few hundred infections are in the news on Channel News America, how come with few thousand infections daily in Red Dot, not a squeak!
The daily rate of increase is by the thousands, yet MOH is pretending to take things as usual - Living With The Virus?
How strange?
Better agree that a few thousand daily cases here is good. Don't complain, don't complain. If not, sekali announce mandatory boosters for everyone then jialat.
But Hong Kong a few hundred cases, or Shanghai less than 100 cases, must say very bad. How can there be so many cases in Hong Kong and Shanghai, soooo serious. It is war there, everyone fighting for their lives.
USA also very good, only a few hundred thousands daily cases. No problem.
I cannot help feeling that Sinkies are fine with whatever taxes.
What can the People do
but
to grit their teeth.
Singapore is beautiful for rich people
People in the city-state are paying the highest amount in decades just for the right to own a premium car, official data showed on Wednesday.
The cost of the most exclusive certificates of entitlement, which residents must obtain before they are allowed to purchase a car, breached six figures in June for the first time in at least 20 years, according to official data.
Open category COEs, which allow the purchase of vehicles other than motorcycles, rose 5 per cent to S$100,697 (US$73,230) in the most recent round of bidding, compared with the previous auction in mid-May. Certificates for larger cars increased by a similar margin to S$100,684.
The car market is heating up as prices rise across Singapore, reflecting broader increases in the cost of living globally. Core inflation in the city-state reached 3.3 per cent in April, its highest level since 2012.
The real household income in Singapore has been hit particularly hard by regional events and the rise in commodity prices following Russia’s invasion of Ukraine.
Malaysia imposed a sweeping ban on exports of live chickens to protect domestic stocks last week. Singapore imported more than a third of its chicken from Malaysia in 2021, so purveyors of chicken rice, the national dish, have been forced to increase prices as they rush to secure supplies, according to local media.
The decision was made after Indonesia temporarily banned exports of palm oil, putting pressure on cooking oil prices in Singapore.
Meanwhile, a wave of foreign professionals seeking to escape Hong Kong’s stricter coronavirus pandemic measures has descended on the city-state in recent months, driving up demand and prices for homes. The vast majority of citizens and permanent residents live in public housing, leaving expats racing to compete for the much smaller selection of private properties.
Singaporeans have long faced high fees to acquire COEs, which were introduced to curb traffic. As the price of these certificates can exceed the cost of a typical vehicle, many middle-income residents have been put off car ownership.
“Everyone thinks it is cheaper” in Singapore, said Heather Thomas, a small-business owner who recently relocated from Hong Kong. “I don’t think that at all. I don’t think I would get close to buying a car.”
But wealthy residents, who are particularly likely to purchase the open category COEs and certificates for larger vehicles, are still seeking out luxury cars.
Certificates have to be renewed every decade and are sold through regular auctions, meaning prices fluctuate according to supply and demand. June’s auction took place three weeks after the previous one, instead of the usual two, so received more bids than normal.
“I am not going to stop collecting,” said one multi-millionaire. It is still “beautiful for rich people” in Singapore.
Hi Uncle RB, Speed here, I have friends in Singapore who are complaining about the cost of a petrol in Singapore. I understand it is around S$4/Ltr. Here in the United Kingdom the cost is £1.75 per litre. I also understand that in Singapore, it is very costly to drive a car owing to the COE. Well Singaporeans must be very rich because there seem to be more expensive cars on the roads in Singapore than in the United Kingdom. Singapore, a beautiful city but very expensive.
Hi Speed, Singaporeans have been drugged or fed with so much disinformation that they have lost their sense of balance and perspective, and unable to think. They did not know the real value of things except in monetary terms.
If a person earns more, he is talented, including a pimp, more talented if the pimp earns more than a professor. A con man or charlatan can boast of his million dollar income and sneer at a kind hearted doctor that earns less for charging his clients less, as a less talented person.
In the case of cars, a Singaporean would boast of how much his car cost when the same car could cost a fraction in another country, and for the same money, a person in another country could be driving a luxury or high end car. To Singaporeans, it is how expensive that counts, like his million dollar HDB flat that would become valueless when the lease expires.
All suffering from stupidity has no cure sickness.
There is no shortage of the daft and stupid.
However,
hard to find a whole society fills with them like in Singalore.
Was hoping this would not happen, but it finally does. There goes our taxpayers' money which should have been channeled to cater to Singaporeans' needs . .
Singapore is providing a humanitarian assistance package to Ukraine at its request, said the Ministry of Foreign Affairs (MFA) in a statement on Friday (June 10).
The package comprises nine ambulances, two fire engines and an assortment of firefighting protective gear, rescue tools, mine detectors and medical supplies.
It was put together by the Home Affairs and Defence ministries to support international efforts, given the growing humanitarian crisis and needs in Ukraine, said the MFA. - ST
It is misplaced sympathy.
The Ukraine People are bless with
abundance in resources and wonderful
elemental attributes.
They are living live of plenty, but choose to
go wild with Nazism for
wanton power and glory.
Sin is resource-less and at the Mercy of others now.
Yes,
Sin is rich by
virtues of the Hard-works of its' Pioneer and Merdeka Generations and its Strategic Geo-position.
However,
much has been spent
and the Advantage of the Geo-location is fast dwindling.
Many people in Sin are struggling for survival with more becoming home-less.
Charity should begin at home and only be given to others after the People are takened care of.
It is hard to rationalize
the Role Sin is playing in the Russia Ukraine War.
It is also bizzare why Sin is so involve in it.
Note that the Other ASEAN Members are
keeping a distance from the Conflict.
What is the Wisdom of the Sin Regime's
Interest in
the War??
They could have eg lowered the petrol tax to ease the high cost of living pressures on Singaporeans, but instead they're bent on raising the GST to 9%, and spending money on the blue-eyed white hair Ukrainians in a faraway European war . . .
Just one ambulance or fire engine donated to the Ukrainians could have helped many elderly Singaporeans having to eke out a living in their old age by doing cleaning jobs . . .
A 75-year-old woman, believed to be a cleaner and affectionately known as "Ah Moi" by some residents. died after she was hit by a tipper truck at Block 13, Upper Boon Keng Road on Jun. 9.
The incident happened at around 3:45pm on Jun. 9.
The woman was pronounced dead at the scene by a paramedic.
Hi Patriot.
Sinkies are like that. Don't expect them to be kind to our own. So much for 50 or 55 years of National Slavery. Very apt Slavery not Service.
In fact, we had a mentality that we feared and scorned our own more than helping others.
All the time they followed the fine examples of our Elites Leaders.
To our own since LKY's time with his exhortation that "No one owes you a living" to at that time deprived Singaporeans to work hard and survive.
What's he meant is that we must unite and work hard as a Nation for each other and unite and survive together.
The Sinkies thought that to each his own and that if you as fellow Sinkies cannot survive then you are no good and don't deserve our help and sympathy.
That's why Sinkies only helped outsiders with such enthusiasm and vigour.
To our own you die your business.
See fine examples of so many foreign workers who are met with some unfortunate accidents and hundreds of thousands are raised to give to them.
Just go to the Waterloo Temple where our own begged for two dollars.
So many Sinkies simply ignored them.
This is the hardcore mentality of Sinkies that they always think. If i can survive why can't you. Go and work lah don't beg.
But they never know why they beg. Their circumstances. But for others like the foreigners they always think wah poor things must help.
So much for Sinkieland.
Just wish a great recession or depression to teach all a lesson that they will never forget fellow Singaporeans plights.
Why no humanity aid to Russia? Russia aggressor?
Russians also suffered Deaths and Injuries.
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