Study to Assess Impact of Stable COE Supply on COE Prices

Debated in Parliament on 4 Jul 2023.

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Hazel Poa queried whether the Ministry of Transport has simulated or studied the effect on COE prices if COE supply were stable and, if so, the results.
The Land Transport Authority conducts careful reviews and sensitivity analyses of potential COE system changes, considering factors like economic climate, commuting patterns, and consumer preferences.
The Ministry noted the limitations of such analyses and is cautious in drawing definitive conclusions about the impact of stable COE supply on prices.

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Hazel Poa

Ms Hazel Poa asked the Minister for Transport (a) whether the Ministry has done any simulation or studies to assess the impact on COE prices if the supply of COE has been stable; and (b) if so, what are the results.

S Iswaran

The Land Transport Authority studies all potential changes to the Certificate of Entitlement (COE) system carefully, including conducting sensitivity analysis where appropriate. Multiple factors can have an impact on COE prices, including but not limited to the general economic climate, changes in commuting patterns, and trends in consumer preferences. We are, therefore, mindful of the limitations of such analysis and cautious in drawing conclusions.

Summary written by AI (learn more)

Hazel Poa queried whether the Ministry of Transport has simulated or studied the effect on COE prices if COE supply were stable and, if so, the results.
The Land Transport Authority conducts careful reviews and sensitivity analyses of potential COE system changes, considering factors like economic climate, commuting patterns, and consumer preferences.
The Ministry noted the limitations of such analyses and is cautious in drawing definitive conclusions about the impact of stable COE supply on prices.

Questions identified by AI (learn more)

Study to Assess Impact of Stable COE Supply on COE Prices | PAPERCUTS

Study to Assess Impact of Stable COE Supply on COE Prices

Debated in Parliament on 4 Jul 2023.

Summary written by AI (learn more)

Hazel Poa queried whether the Ministry of Transport has simulated or studied the effect on COE prices if COE supply were stable and, if so, the results.
The Land Transport Authority conducts careful reviews and sensitivity analyses of potential COE system changes, considering factors like economic climate, commuting patterns, and consumer preferences.
The Ministry noted the limitations of such analyses and is cautious in drawing definitive conclusions about the impact of stable COE supply on prices.

Questions identified by AI (learn more)

Full Transcript

Hazel Poa

S Iswaran

Summary written by AI (learn more)

Hazel Poa queried whether the Ministry of Transport has simulated or studied the effect on COE prices if COE supply were stable and, if so, the results.
The Land Transport Authority conducts careful reviews and sensitivity analyses of potential COE system changes, considering factors like economic climate, commuting patterns, and consumer preferences.
The Ministry noted the limitations of such analyses and is cautious in drawing definitive conclusions about the impact of stable COE supply on prices.

Questions identified by AI (learn more)

Study to Assess Impact of Stable COE Supply on COE Prices

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Questions Identified

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Hazel Poa

S Iswaran

Summary

Questions Identified

Study to Assess Impact of Stable COE Supply on COE Prices

Summary

Questions Identified

Full Transcript

Hazel Poa

S Iswaran

Summary

Questions Identified