Navigating Singapore's Transportation Dilemma: To Car or Not to Car?

Singapore, renowned as one of the world's most expensive cities to own a car, continues challenging its residents with a transportation problem.

The recent COE results revealed a staggering price of $121,000 in the open category, leaving many wondering if it's worth the purchase, especially since your ownership only lasts ten years.

Photo: Motorist.SG

With a robust fleet of 70,000 private hire vehicles and approximately 14,000 taxis, the convenience of on-demand transportation seems hard to resist. Singapore's stellar ranking as the 4th best city for public transportation in the 2022 Urban Mobility Readiness Index only strengthens the case against car ownership.

Some netizens share this sentiment, citing efficient public transport as one of the main factors why they don’t own a car:

Screenshot: @asianbossmedia, Instagram

Surprisingly, around 12% of Singaporeans still choose to own a car. Some argue that despite efficient alternatives, our transportation system lacks family-friendliness.

Packed trains and buses and the unpredictable availability of taxis and private hire vehicles pose challenges for families with young children.

Screenshot: r/singapore

When considering the contrasting viewpoints on car ownership in Singapore, it becomes evident that there is a divide between those who consider it a necessity and those who perceive it as a luxury. One cannot help but empathize with those who fall into the former category, particularly considering the uncertain future ahead.

Singapore is swiftly progressing towards its goal of achieving net zero car growth. Since February 2018, the vehicle growth rate has been reduced from 0.25 percent per annum to zero percent. This economic principle dictates that as supply decreases while demand remains steady or even increases, prices will inevitably rise.

So the question remains: is owning a car necessary in Singapore? While the allure of public transportation and the cost considerations make a strong case against car ownership, individuals' personal circumstances and needs vary. Ultimately, the decision hinges on family requirements, lifestyle choices, and personal preferences.