It’s not often that one finds sentences in the ST Forum that hit the nail on the head. This is one of those rare ones, illustrating why I think Singapore might (ironically) have more of a cultural barrier than the ostensibly car-crazy Americans in shifting away from private motor transport:
For many Singaporeans, owning a car is more than about convenience; it is also about status. I know many car owners that are willing to spend more on the car than on their child’s education.
The letter writer also points out the negative externalities of driving, including the subsidized (?) parking HDB provides to its residents. I don’t think HDB necessarily has to sell parking lots — appropriately high rental prices should account for the negative externalities of carparks.
Read the whole thing here.