Loosening of car-financing rules is a puzzling move

I am intrigued by the Monetary Authority of Singapore’s decision to loosen the rules for car financing (“Higher borrowing limit, longer tenures for car loans”; May 27).

Does this imply the same is forthcoming for properties? Also, what socio-economic benefits does our nation gain from this? We live in an environment where governments are calling for clean air and interest rate increases are imminent.

New public transport operators as well as Uber and other private transport service companies are introducing more vehicles onto our roads. Have our authorities achieved the aim of curbing the use of private cars?