Certificate of Entitlement premiums hit a record high in July 2022 - the highest in 28 years. The system was first introduced to reduce traffic congestion and limit the number of cars in land scarce Singapore. But in a bid to keep cars off the road, have we unintentionally driven away those who really need one? In this episode, host Steven Chia finds out what’s behind these sky high prices, and asks: how fair is the COE system itself?

0:00 Cost of a car in Singapore: the breakdown 2:50 How are COE prices derived? 5:30 Why are COE prices so high now? 8:27 Could Tesla be behind COE price surge? 11:26 Does Singapore's COE system work? 14:26 Car ownership: a young family's wish 17:27 COE: Can these changes be made?

Watch more #TalkingPoint: https://www.youtube.com/playlist?list=PLkMf14VQEvTai524iU74UlzpWvb1RRAvl

About the show: Talking Point investigates a current issue or event, offering different perspectives to local stories and revealing how it all affects you.

#CNAInsider #CNATalkingPoint #COE #Inflation #Singapore

For more, SUBSCRIBE to CNA INSIDER! https://cna.asia/insideryoutubesub

Follow CNA INSIDER on: Instagram: https://www.instagram.com/cnainsider/ Facebook: https://www.facebook.com/cnainsider/ Website: https://cna.asia/cnainsider