Anyone with a reasonable IQ will know that it doesn't!
This move is likely another knee-jerk reaction to stupify... I mean pacify.... the masses who kpkb they cannot buy a car. Now, let's all take a step back and ask, what was the real problem that caused all the congestion issues that we have today? Wasn't it the over-release of the COE quotas between 2004-09 because everyone was crying out to the government for cheaper car ownership (maybe someone can pull out that national day speech somewhere)? And what caused the sharp increase in COE prices after that? Claw back of over-released supply, amongst others, but certainly not a "booming economy and COE prices being driven by the market" - many people were struggling in that period just after GFC. Now, this.....
To those cbk MCFers who are wishing COEs can drop to 2004-09 levels so they can buy their first Soozooki swifts for $45k and fetch their cais and hueys around (and clog up the roads in the meantime), please keep quiet! Want to drive? Pay like a man!!!
