Soz motorists, looks like owning vehicles here is about to a bit more costlier than it already is.
Both the Housing Development Board (HDB) and the Urban Redevelopment Authority (URA) have confirmed the unpopular decision that they’re working on increasing both short-term and season parking rates.
Forking out more cash to park is an apparent move to bring Singapore’s rates in line with those of other global cities — but it’s an international aspect that we’d all gladly be deprived of, really.
According to a report by The Straits Times, URA explained that the review is intended to “right-price” public carpark charges as well as close the gap between fees charged by private and public carparks. The difference between hourly parking rates at private and public carparks in some areas in the Central Business District is pretty vast, they note — at times going over 100 percent.
Furthermore, HDB argued that carparks have improved amenities over the years with electronic parking gantries and lifts, and this has substantially increased the costs of operations.
Fair enough — all the more reason why folks should rely on public transport and demand better standards for it.
