Singapore to Stop Adding Cars to City From February 2018

Sebastian Tong, reporting for Bloomberg:

Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year.

The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said on Monday.

“In view of land constraints and competing needs, there is limited scope for further expansion of the road network,” the Land Transport Authority said in a statement on its website. Roads already account for 12 percent of the city-state’s total land area, it said.

Basically, if you don’t already own a car and want one, you’re shit out of luck. With the rise of ride sharing, though, maybe that’s not a problem.

Monday, 23 October 2017