Tag Archives: Budget 2013

New Budget and Old COE Prices

By Dr Yuen Chung Kwong The diagram above plots the average successful bid prices for Certificates of Entitlement for the most popular category of cars (i.e., under 1600cc in engine size), from the introduction of the COE system in early 1990 to January 2013 at 6-month intervals. Note that the category also includes certificates for taxis, also that before mid …

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Suffocating car prices with shorter loan period

By Terry Xu Under the Budget 2013 measures announced on Monday, vehicle buyers will now have a maximum of five years instead of the original ten years to service their car loans. They would also have to foot a down payment of 40 per cent or more for a new vehicle. And apart from these two, there will be additional increase …

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Flawed aspect of benefit allocation in Budget 2013

By Mohamed Kassim Abd Rahman Let me write on some issues which I find other Singaporeans and the government need to review with regards to our recently announced Budget 2013. Singapore Budget 2013: Flawed to allocate benefits based on housing type. The Current Budget 2013 as announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam again uses the type …

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What the Budget means for a lower-income Singaporean?

By Leong Sze Hian My name is John (not my real name). I am a 33 year old Singaporean worker earning $750 a month. Disposable income drop? Before the budget announcement, my take-home pay, after my 16 per cent employee CPF contribution was $630. After the budget’s changes, with the eventual full restoration of my employee CPF contribution rate from 16 …

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