COE surcharge considered for those with more than one car

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Those who wish to buy more than one car in Singapore may need to fork out more cash on top of their Certificate of Entitlement (COE) in future.

The government is considering imposing a surcharge for the second car onwards - owned by the same person.

The move aims to better spread car ownership more evenly, given the limited COE supply.

If implemented, the surcharge will not apply to existing multiple car owners.

The government will begin seeking views from the public and motor dealers on the possible changes next month.

The process will likely take about two to three months.