SG: Revised ERP Rates for February

The LTA has officially began construction of 2 MRT stations, the Stevens and Mount Pleasant MRT stations, on Sunday. Transport Minister Lui Tuck Yew was at the groundbreaking ceremony, and also unveiled an underpass that will improve connectivity with the Singapore Chinese Girls' School with the Stevens MRT station, whilst serving as the linkway for the interchange with the Downtown Line. The underpass will spawn roughly 60 metres, and will be 11 metres deep at its deepest point. It will run under Bukit Timah and Dunearn roads, and the two entrances start just outside the school. All works are scheduled for completion in 2019. As for the 2 MRT Stations, expect them to be operational by 2021. Pictures used for illustration purposes only.

Last week, the LTA announced that COE quota for the period of February to April would see an overall increase over the period of November to January. This is definitely good news to car buyers, as this would lead to lower COE prices and therefore lower car prices too. Or, will this not be the case?

More than 52,000 visitors excluding children came to experience more than 150 cars on display at the recently held Singapore Motorshow 2015. The Singapore Motorshow, making a return after six years, was held at Suntec Singapore Convention and Exhibition Centre from January 15-18, 2015. Organised by Motor Traders Association of Singapore (MTA), some of the key highlights for this year’s show included more than 20 new cars being showcased in Singapore, three concept cars and a Russ Swift precision driving performance brought in by Subaru.