Recently, there has been news that the government is requesting for tender bids for a revamped ERP system based on technologies empowered by the Global Navigation Satellite System (GNSS). The new system shall replace the existing gantry-based system where peak hour traffic surcharges are charged via in-vehicle units (IVUs) fitted in each registered motor vehicle, when passing through a gantry point. The new GNSS system is expected to roll out sometime in 2020, and is expected to adopt a distance-based toll system. In this article, STProperty will examine some of the economically priced HDB flats that potential homebuyers can look out for in view of an expected revamp of the ERP system. The government has also recently announced plans to reduce the vehicle population growth rate starting from Feb 2015.... Continue Reading