SINGAPORE: In a significant move to adjust vehicle ownership, the Land Transport Authority announced on October 29 that it will inject up to 20,000 additional Certificates of Entitlement across five
vehicle categories starting February 2025.The announcement coincides with the rollout of the new satellite-based Electronic Road Pricing system, dubbed ERP 2.0, which will enable authorities to better managewill boost availability, the impact on COE premiums remains uncertain. In the most recent tender held on October 23, COE prices for all categories saw a slight decline, though car premiums still surpassed the $100,000 mark.
LTA observed that travel patterns have shifted significantly post-COVID-19, with reduced demand and congestion in the Central Business District . Currently, traffic speeds in the CBD are within optimal ranges, allowing for a temporary suspension of ERP charges in the area.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scam losses in Singapore drop by impressive 40% Singapore News%
Read more »
Hong Kong reclaims title as World’s Freest Economy, overtaking Singapore Singapore News%
Read more »
FLCT to acquire prime logistics property in Singapore for S$140.3M Singapore News%
Read more »
53% Singapore companies plan to devote over $700,000 to sustainable investments Singapore News%
Read more »
Singapore's biomedical sector boosts manufacturing output in September Singapore News%
Read more »
Netball: Singapore Vandas bounce back to Asian Championship glory, eyeing SEA Games crown Singapore News -%
Read more »