Hi EP3R, great to see an Australian on board ! U're from Melbuorne? I was there for 2 years. Stayed at Glenferrie. Very nice place u got there.
If you love cars, Singapore is definitely not the place to be, unless u're rich.
Basically the government's trying to control the number of cars on the road. Their so called "solution" is to to make car buyers buy Certificate Of Entitlement (COE). COE for a 2.0 litre car now costs about S$65k. So COE + a typical 2.0 litre Honda Civic today costs about S$135k.
That's not the end of the sad news. This COE is only valid for 10years. So if u want to keep the car for another 10 years, u got to buy another COE again.
..as to where this COE $$ go to, I think u can make a good guess
