[EvertonDiehard]

When COE prices go up, they contribute to a rise in the cost of living in S'pore. When COE premiums cost more, the overall price of buying a car goes up. This affects not just those buying new cars, but also the used car market since prices are interconnected. Higher car prices can lead to more people relying on taxis or PHVs, which will raise fares in response to increased demand. Businesses that rely on vehicles for deliveries will see their operating costs rise owing to higher COE prices. These costs will be passed on to consumers in the form of higher prices for goods and services. Yet I have a so-called educated friend, who because of sour grapes, declares that he hopes to see COE prices rise to above $200K because he had to give up his car 5 years ago. LOL!