He further asked if the ministry has plans to “dampen the demand for second and subsequent Category A cars from the same household.”
Transport Minister S Iswaran said in Parliament that 471,000 households in Singapore own cars, and among them, 12 per cent own two cars and fewer than three per cent own three or more cars, in response to a question posed by Mr Gerald Giam .
He also asked Mr Iswaran a follow-up question concerning the impact multiple car owners have on the price of the Certificate of Entitlement given that “they not only add to the demand for cars, but because they tend to be higher income households, they have the ability to pay more for their COEs.”
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