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Singapore’s COE market has gone insane — ordinary families are being priced out, while some HDB and private households now own three or more cars. In this 1M65 episode, Mr Loo Cheng Chuan proposes a bold but temporary solution: a Car-ABSD — a short- to mid-term, additional levy on second and third cars to cool speculative demand and restore fairness. Just like property ABSD tamed runaway home prices, a Car-ABSD could bring discipline back to the COE market, protect the middle class, and stabilise inflation pressures spilling into the broader economy. This is not about punishing success — it’s about restoring sanity, social equity, and economic balance in Singapore’s transport ecosystem. 🚗 Key Insights: Over 66,000 households own 2+ cars despite zero vehicle growth. 2,000 HDB and 9,000 private households have 3+ cars. COE premiums have detached from fundamentals. Temporary Car-ABSD can cool demand without overhauling the COE system. 🎯 Watch this if you believe Singapore needs pragmatic reform — not endless COE madness. #COE #SingaporeCars #1M65 #CarABSD #TransportPolicy #SingaporeEconomy #LooChengChuan #MiddleClass #Fairness #ABSD #Inflation #SmartNation