Considerations behind Decision to Convert Coupon Parking to Electronic Parking Systems in Housing Estates
- The Minister explained that the electronic parking system (EPS) was first rolled out at commercial car parks to manage high demand and has been effective, prompting its expansion to residential areas.
- EPS offers a fairer per-minute charging model compared to half-hour coupon blocks, provides real-time availability updates, and is more convenient for drivers.
- Despite higher upfront setup costs, EPS reduces daily operating expenses by about 25% compared to coupon parking, making it a cost-saving solution for HDB in the long term.
- HDB plans to implement EPS in all feasible residential car parks due to these benefits in efficiency, fairness, and cost savings.
- The decision follows deliberations on balancing initial investment against long-term operational savings and improved user experience for motorists.