Quote:
Originally Posted by Unregistered
Don't be a fool. The 30% increase in supply will be met with the car owners changing cars. In addition, there will be greater demand from increase in income and wealth of Singaporeans, families owning two cars or more (some families even own 5 cars), increase in population, flipping of properties especially BTO flats, etc. So while supply increase, demand also increase and increase by 100%! so by demand and supply theory, COE prices will rise. |
Go and read the Straits times car advertisements this weekend. All models cutting their prices. How can
COE continue to go up? Don't be a fool.