Current COE system is the best

LTA has rounded up its 3 month public consultation exercise on how to
tweak the current COE system to benefit the car owners and hopefully
lowering the COE premiums. From the feedback as reported in the Today
paper, it seems that the current system is still the best.
 
One suggestion by the public is the pay-as-you-bid system. This is shot
down as it would ‘not necessarily lead to lower COE