If you live in Singapore and are planning to buy a new car, you may feel a big setback. In Singapore, you will not be able to buy a new car for the next two years. The Singapore government has decided to bring the growth of cars on the streets to zero-percent.
At present, the current growth rate of cars in Singapore streets is 0.25%. Under the Singapore government's decision, people living there will not be able to purchase new cars from February 2018.
At the moment, Singapore is one of the most densely populated places in the world and the transport system is already quite complex here. Singapore is smaller than New York City. According to the Land Transport Authority (LTA), 12 percent of the total available land is in the road in the area.
There is no scope for increasing the road network. In such a situation, the officers of the city want to be used properly. Since 2000, the population of Singapore has increased 40 percent. Last year, there were over six lakh private and rental cars on the streets of Singapore.
This rule is applicable to three categories of cars. In Singapore, the car owner has to buy a special permit, which is called the Certificate of Entitlement. Document permits allow vehicle owners to keep 10 more years. The number of these permits is limited and the government does auction them every month. The LTA has said that zero growth rules will apply to A, B and D wheels.