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#1
16-05-2013, 11:40 AM
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Individuals may need to pay surcharge for second car onwards
An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE: Those who wish to buy more than one car in Singapore may need to fork out more cash on top of their Certificate of Entitlement (COE) in future. The government is considering imposing a surcharge for the second car onwards - owned by the same person. The move aims to better spread car ownership more evenly, given the limited COE supply. If implemented, the surcharge will not apply to existing multiple car owners. Buyers of mass-market cars who are currently competing for COEs in Category A with buyers of luxury cars may also see some relief. The government is looking at factoring engine power as a way to better delineate Category A from Category B to improve the COE system. It is understood that about 50 per cent of COEs under Category A are currently taken up by luxury cars. The government will begin seeking views from the public and motor dealers on the possible changes next month. The process will likely take about two to three months. - CNA/fa Click here to view the whole thread at www.sammyboy.com. 
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