To make vehicle taxes more progressive , cars with an OMV upwards of $40,000 are set to be saddled with substantially higher additional registration fees.
AsiaOne has launched EarthOne, a new section dedicated to environmental issues because we love the planet and we believe science. Find articles like this there. Environmental concerns are increasingly taking a front seat in public discourse. Singapore has created the lofty goal of phasing out internal combustion engine (ICE) vehicles by 2023 and reducing peak land transport emissions by.
SINGAPORE - There are many factors that affect car pricing – and hence your buying decisions – in Singapore : COE, ARF, and more. But one of the most important is VES – we explain what it is, and how it affects the Singaporean car buyer here. VES stands for the Vehicular Emissions Scheme, and it essentially imposes rebates or.
SINGAPORE - The first Certificate of Entitlement (COE) bidding exercise for March 2022 saw premiums rise across the board once more, with the larger Cat B and Open categories now firmly ensconced well into the $90,000 range, and Cat A rising rapidly in tandem as well. In Category A, for 'mainstream' cars with engines less than 1.6-litres in capacity and.
Ever since the new Additional Registration Fee (ARF) tier was announced in Parliament last week, the internet has been abuzz with discussions of what this meant for future luxury car purchases. A whopping 220 per cent fee on top of the car's on-market value (OMV) is now imposed if the latter exceeds $80,000. Some have welcomed the move as a.