No easy way to distribute COEs fairly and cheaply: SM Lee Hsien Loong
Автор: CNA
Загружено: 2025-07-15
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Speaking at a dinner hosted by the Economic Society of Singapore (ESS) on Tuesday (Jul 15), Senior Minister Lee Hsien Loong addressed concerns about the certificate of entitlement (COE) system, which grants car buyers in Singapore the right to own and use a vehicle. He said there is "really no easy way to make something which is valuable be distributed fairly and at the same time, very cheap."
During a wide-ranging dialogue covering topics such as geopolitics, climate change, and domestic policy, ESS president Euston Quah asked whether families or other "more deserving cases" could be allowed to pay less for COEs. Mr Lee acknowledged that while there are many valid arguments for such considerations, it remains "very difficult" for the government to design a system that accounts for all circumstances.
"If you want to design a scheme which worries about all those things, it will fail," he said.
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