Understanding Singapore’s Certificate of Entitlement (COE) Trends: An In-depth Analysis of Category Quotas and Premiums

 

Source from Getty

Delving into the latest data, the five categories, A to E, show unique trends and dynamics.

Category A: Cars ≤ 1600cc & 130bhp or 110kW

Category A COEs, representing cars ≤ 1600cc & 130bhp, or 110kW, showed a quota premium of $101,001, marking an increase of $2,720. This change represents a 2.76% increase from the previous premium quota, indicating strong demand in this category. The number of bids received (663) outpaced the percentage (474) by about 40%, suggesting a competitive market.

Category B: Cars > 1,600cc or 130bhp or 110kW

Category B, designated for cars > 1,600cc or 130bhp, or 110kW, showcased a quota premium of $119,399 with an increase of $1,490. The expansion, about 1.26% from the previous premium quota, reflects a steady demand. Although the bids received were 513, surpassing the allocation 410 by around 25%, the increase was starker than in Category A.

Category C: Goods Vehicles and Buses

In contrast, Category C presented a more stable situation for goods vehicles and buses. The quota premium was $75,589, with a marginal change of $255, or about 0.34%. The quota and bids received were in perfect equilibrium at 109, indicating a well-matched supply and demand.

Category D: Motorcycles

Category D, reserved for motorcycles, experienced a significant change. The quota premium of $5,002 reflected an increase of $7,177, representing a remarkable 58.96% growth. The quota was 554, but the bids received were 670, showing an oversubscription of about 21%.

Category E: Open-All Except for Motorcycle Category

Finally, Category E, the open-all except motorcycle category, had a quota premium of $124,002 with a change of $499. The relatively small increase of about 0.40% indicates a stable demand. The quota was 125, while the number of bids doubled to 271, showing a high demand in this open category.

Comparison Across Categories

COE Premium

Given these trends, the relationship between the quota and bids received can indicate market competitiveness. Categories A and E, which saw submissions exceeding quotas by large margins, are likely the most competitive. The 1significant growth in the quota premium for Category D suggests a rapidly growing demand for motorcycles.

The PQP, the moving average of COE prices in the last three months, is another essential factor. In categories A, B, and E, the PQP is less than the quota premium, suggesting that Categories A and E are currently the most competitive, with bids significantly surpassing the set quotas. Category D showcases an extraordinary increase in quota premium, indicating a rapidly growing demand for motorcycles. The difference between quota premiums and PQPs in Categories A, B, and E shows that recent demand has outpaced historical trends in these categories. In contrast, Category C is experiencing a potential softening of orders as its PQP exceeds the current quota premium.

Conclusion

In conclusion, analysing quota premiums, the quota-to-bid ratio, and comparing quota premiums with PQPs provide valuable insights into the trends and dynamics of COE prices in Singapore. It is clear from the analysis that there are significant variations across different categories, and the demand and supply factors influence these variations.

Reference

“COE prices for small cars fall 9%, but open category hits record high, motorcycle premiums double”, Online Today, 17 May 2023 https://www.todayonline.com/singapore/coe-prices-close-mixed-open-record-small-slide-2173111

Certificate of Entitlement Quota, Land Transport Authority, https://www.lta.gov.sg/content/ltagov/en.html

“Drop in COE premiums may see car buyers rushing in and pushing prices back up, say analysts”, CNA, 18 May 2023, https://www.channelnewsasia.com/singapore/coe-car-premiums-drop-higher-demand-rising-prices-analysts-3497966

The Disparity in Accessibility between Developed and Developing Countries

 

Source from Getty Image

Introduction

Accessibility is a fundamental human right, yet it is often overlooked and neglected in many parts of the world. In developed countries, accessibility measures such as ramps, elevators, and tactile paving are commonplace, while in developing countries, they are often non-existent. This disparity in accessibility significantly impacts the lives of people with disabilities, making it difficult for them to participate fully in society. In this article, we will explore the issue of accessibility in developed and developing countries, the challenges faced by people with disabilities, and the potential solutions to bridge the gap.

Accessibility in Developed Countries

In developed countries, accessibility measures are mandated by law and integral to building design. This means that buildings, public transport, and other facilities are designed to be accessible to people with disabilities. For example, buildings must have ramps and elevators, and public transport must have wheelchair ramps and designated seating areas. These measures make it easier for people with disabilities to navigate their surroundings and participate fully in society.

Accessibility in Developing Countries

In contrast, accessibility measures in developing countries are often non-existent or inadequate. This is due to various factors, including lack of awareness, insufficient funding, and poor implementation of accessibility laws. As a result, people with disabilities in developing countries face significant challenges in accessing public spaces and services. For example, many buildings do not have ramps or elevators, making it difficult for wheelchair users to enter or exit. Public transport is often not accessible, with no wheelchair ramps or designated seating areas. These barriers make it difficult for people with disabilities to participate fully in society and lead independent lives.

Challenges Faced by People with Disabilities

The lack of accessibility in developing countries significantly impacts the lives of people with disabilities. They face numerous challenges in accessing essential services such as education, healthcare, and employment. For example, inaccessible schools make it difficult for children with disabilities to attend classes, while unavailable healthcare facilities make it difficult for them to receive medical treatment. Inaccessible workplaces make it difficult for people with disabilities to find employment and contribute to the economy. These challenges can lead to social isolation, poverty, and a lower quality of life for people with disabilities.

10 Issues Faced by Disabilities

Potential Solutions

There are several potential solutions to bridge the gap in accessibility between developed and developing countries. One approach is to increase awareness and education about accessibility. This can involve training architects, engineers, and building owners on accessibility standards and best practices. Governments can also incentivise businesses and organisations to make their facilities accessible. For example, tax breaks or subsidies can be offered to companies that invest in accessibility measures.

Another approach is to provide funding for accessibility measures. Governments can allocate resources to build and retrofit buildings and public spaces to make them accessible. International organisations can also provide aid and support to developing countries to improve accessibility.

Finally, there is a need for more vigorous enforcement of accessibility laws. Governments can impose penalties for non-compliance with accessibility standards, and individuals can be empowered to file complaints and seek legal redress for violations of their rights.

Conclusion

In conclusion, the disparity in accessibility between developed and developing countries is a significant issue that affects the lives of people with disabilities. While developed countries have significantly improved accessibility, developing countries still have a long way to go. The challenges faced by people with disabilities in accessing essential services and participating fully in society are significant, but there are potential solutions to bridge the gap. By increasing awareness, providing funding, and enforcing accessibility laws, we can work towards a more inclusive and accessible world for all.

References

“UN Convention on the Rights of Persons with Disabilities”, UN, https://www.un.org/development/desa/disabilities/convention-on-the-rights-of-persons-with-disabilities.html

Challenges faced by people with disabilities: https://www.who.int/zh/news-room/facts-in-pictures/detail/disabilities

Potential solutions to improve accessibility: https://www.ohchr.org/sites/default/files/2023-04/A-HRC-52-32-Transformation-of-services-for-persons-easy-to-read_0.pdf

Singtel 2023: Strategic Consolidation, Workforce Development, and Expanding Services

 

Source from Bloomberg

Introduction

Singtel, a leading telecommunications company in Singapore, has made significant strides in 2023, with developments spanning its strategic consolidation, workforce development, and service expansion. This comprehensive analysis aims to dive deep into Singtel’s 2023 operations and its potential implications for investors.

Strategic Consolidation

In 2023, Singtel underwent a necessary consolidation move through its integration with Indihome, a move expected to finalize by Q3–2023. The spin-off resulted in the issuance of new shares at Telkomsel, reducing Singtel’s ownership from 35% to 29.6%, while Telkom’s stake increased from 65% to 70.4%. This strategic move signifies Singtel’s focus on bolstering its market presence through partnerships and consolidation.

Workforce Development

Singtel’s dedication to workforce development is evident in its partnership with the Singapore Institute of Technology, embarking on a Work-Study Programme (WSP) known as “The Catalyst Programme”. Launched in February 2023, this initiative allows Polytechnic Diploma holders to secure a full-time position with Singtel while pursuing a university honours degree. Such workforce development initiatives highlight Singtel’s commitment to nurturing talent, an essential factor for potential investors who value a company’s human resource investment.

Source from Nodeflair

Service Expansion

In 2023, Singtel expanded its services by making all Mediacorp’s channels, including Channel 5, Channel 8, Channel U, Suria, Vasantham, and CNA, available to all Singtel customers and StarHub’s TV+ customers using set-top boxes. This expansion in service offerings signifies Singtel’s commitment to enhancing customer experience and diversifying its product portfolio, a strategic move that could appeal to investors.

Financial Performance

Despite these significant developments, Singtel’s share price experienced a minor dip in May 2023, falling by 0.39 per cent. However, it’s essential to consider this in the broader context of Singtel’s strategic initiatives and potential for future growth.

Note: All the financial data is based on the fiscal year ending in March. Source from Yahoo Finance

Conclusion

Singtel’s strategic consolidation, workforce development, and service expansion initiatives in 2023 demonstrate its commitment to strengthening its market position and operational efficiency. While the company’s share price experienced a minor dip, the strategic developments suggest promising potential for future growth, which should be factored into an investor’s decision-making process.

Reference

“Singtel to integrate Indonesian telco IndiHome into associate Telkomsel” 6 Apr 2023, Straitstimes, https://www.straitstimes.com/business/singtel-to-integrate-indonesian-telco-indihome-into-associate-telkomsel-via-conditional-spin-off

“Singtel and StarHub TV+ customers can now watch Mediacorp channels on their respective streaming services”, 10 May 2023, CNA, https://cnalifestyle.channelnewsasia.com/entertainment/starhub-singtel-mediacorp-fta-356881

“STI May Continue Losing Streak”, 10 May 2023, Business Today, https://www.businesstoday.com.my/2023/05/10/sti-may-continue-losing-streak/

“Job Description of Software Engineer at Singtel on Nodeflair”, 10 May 2023, https://nodeflair.com/jobs/singtel-senior-associate-engineer-catalystwsp-150782

Home Sweet Home: Unravelling the Affordability Crisis of HDB Flats in Singapore

 

Source from Yahoo News

Singapore, the Lion City, has a housing model admired worldwide. The Housing Development Board (HDB) flats, which provide affordable homes for over 80% of Singapore’s resident population, are integral to the city’s unique urban landscape. However, a rising affordability concern regarding these flats has been simmering beneath the surface, warranting an in-depth exploration.

Over the past decade, the median price of an HDB flat in Singapore has seen an alarming increase of 50%. Simultaneously, the median income of Singaporeans has only grown by 20%, creating a widening chasm between earnings and housing costs. Consequently, the affordability ratio — the proportion of income required to service a mortgage on an HDB flat — has decreased by 30%.

Decoding the Affordability Ratio

Understanding the affordability ratio is pivotal to the broader issue at hand. In 2013, the median price of an HDB flat stood at S$250,000, and the median income was S$4,000 per month. This translated to an affordability ratio of 62.5%. Fast forward to 2022, and the median flat price had risen to S$340,000, with the median income slightly increasing to S$4,900 per month. This resulted in an affordability ratio of just 53.5%.

Impact of Enhanced CPF Housing Grant on Affordability Ratio (%)

Supply of New HDB Flats and Median Resale Prices

This declining affordability ratio over the years indicates that more of a Singaporean’s income is now required to afford an HDB flat. While rising land and construction costs and increasing demand for HDB flats have contributed to this decline, stagnant income growth remains a significant factor.

Government Initiatives: A Helping Hand or a Drop in the Ocean?

The Singapore government has taken steps to address this affordability issue. Subsidies for first-time buyers, such as the Enhanced CPF Housing Grant and efforts to increase the supply of HDB flats, are commendable initiatives. However, the persistent decline in the affordability ratio suggests more than these measures might be required.

The Road Ahead: A Housing Conundrum

The rising cost of HDB flats is a significant concern for Singaporeans, and the government’s efforts to address this issue are under the spotlight. While the state’s commitment to maintaining affordability is well recognised, the effectiveness and timeliness of these interventions remain uncertain. The question then is not just how long it will take for the government’s measures to impact HDB flat affordability significantly but also whether these measures will be robust and flexible enough to meet future challenges.

Conclusion

In conclusion, the affordability of HDB flats in Singapore is a complex issue rooted in economic, social, and policy factors. As Lion City navigates this housing problem, the global community watches closely, drawing lessons for their affordable housing initiatives.

Reference

“A Guide to the Enhanced CPF Housing Grant (EHG)”, 21 May 2021, MyNiceHome, https://www.mynicehome.gov.sg/hdb-how-to/buy-your-flat/a-guide-to-the-enhanced-cpf-housing-grant-ehg/

“HDB Resale Statistic”, Housing Development Board, https://www.hdb.gov.sg/residential/selling-a-flat/overview/resale-statistics

“Summary Table: Income of Singaporeans”, Ministry of Manpower, Jan 2023, https://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx

“HDB resale flat prices propped up by ‘unrelenting interest’ in million-dollar deals: Analysis”, CNN, 28 Oct 2022, https://www.channelnewsasia.com/singapore/hdb-resale-flat-prices-strong-demand-million-dollar-transactions-property-3030186

A Guide to Understanding Female Body Image Anxiety

 

Introduction

Body image anxiety is a common issue that affects many women. It is the feeling of dissatisfaction with one’s physical appearance and can lead to negative thoughts and behaviours. In today’s society, the pressure to look a certain way can be overwhelming, and many women feel the need to conform to unrealistic beauty standards. However, it is essential to understand that every woman’s body is unique, and no “perfect” body type exists. This article will explore misconceptions about female body image and provide helpful information to help women feel more confident and comfortable in their skin.

Misconception 1: Straight Legs are Better

Source from Instagram @sakura10h

Many women believe straight legs are more attractive, but this is not necessarily true. The human portion has two bones — the tibia and fibula — meaning the legs naturally curve outward slightly. This curve is standard and should not be a cause for concern. So, if you have somewhat curved legs, embrace them! They are perfectly normal and natural.

Misconception 2: Thin Ankles are a Must

Source from iStock

Another common misconception is that thin ankles are more attractive. However, if you have tiny feet, it is normal for your calves to be slightly thicker. This is because the muscles in your calves need to be more vital to support your body weight. So, if you have wider calves, it is nothing to worry about and should not be a cause for concern.

Misconception 3: Wide Hips are Unattractive

Source from WeChat

Many women are self-conscious about their hips, believing they are too broad. However, the truth is that the upper part of the thigh bone (femur) is naturally located slightly outward. This means that the hip area will naturally be wider in most women. This is perfectly normal and should not be a cause for concern. Having wider hips can be a sign of good health and fertility.

Misconception 4: Thigh Fat is Unhealthy

Source from Sina

It is a common belief that having fat on the thighs is unhealthy. However, this is only sometimes true. A little bit of fat on the thighs is normal and healthy. The fat in this area helps to protect the pelvic floor muscles and prevent injury. So, if you have a little bit of fat on your thighs, don’t worry! It is perfectly normal and healthy.

Misconception 5: Flat Stomachs are the Ideal

Many women believe that having a flat stomach is the ideal body shape. However, this is only sometimes true. A little fat on the stomach is perfectly normal and healthy. The fat in this area helps to protect the internal organs and prevent injury. So, if you have some fat on your stomach, don’t worry! It is perfectly normal and healthy.

Misconception 6: Perfectly Shaped Waistlines are Required

Many women believe that having a perfectly shaped waistline is essential. However, the truth is that the shape of your core is determined by genetics and cannot be changed. Some women have a more defined waist, while others have a straighter shape. Both shapes are normal and healthy, and no “perfect” waistline shape exists.

Misconception 7: Breasts Must be Perfectly Shaped

Zhou Dongyu is also a flat-chested girl. Source from Sina

Many women are self-conscious about their breasts, believing they are not perfectly shaped. However, the truth is that breasts come in all shapes and sizes, and no “perfect” body exists. Most women have slightly asymmetrical breasts. This is perfectly normal and should not be a cause for concern.

Misconception 8: Shoulder Blades Must be Hidden

Taylor shows her shoulder blades too. Source from Sina

Many women believe their shoulder blades should be hidden, but this is not necessarily true. The shoulder blades are part of the body’s natural structure and should not cause concern. If you have prominent shoulder blades, embrace them! They are perfectly normal and natural.

Misconception 9: A Perfectly Straight Neck Is Ideal

Yang Mi is still famous without a perfectly straight neck.

Many women believe that having a perfectly straight neck is ideal. However, the truth is that the shape of your neck is determined by genetics and cannot be changed. Some women have a longer neck, while others have a shorter neck. Both conditions are normal and healthy, and no “perfect” neck shape exists.

Misconception 10: Long Necks Are Ideal

Chen Yanxi, with a short neck, is also beautiful.

Many women believe that having a long neck is ideal. However, this is only sometimes true. Having a longer neck can increase the risk of neck pain and injury. So, if you have a shorter neck, don’t worry about it! It is perfectly normal and healthy.

Backlinks

“Body image — women”, Better Health, https://www.betterhealth.vic.gov.au/health/healthyliving/body-image-women

“Body image”, Office on Women’s Health, https://www.womenshealth.gov/mental-health/body-image-and-mental-health/body-image

“细长脖子VS粗壮脖子，哪一种更健康？”, Tencent, 16 Mar 2021, https://new.qq.com/rain/a/20210316A09YM800