COE Prices Cat B hits S$150,000, does it mean that Singaporeans can no longer afford a car?

SINGAPORE: Certificate of Entitlement (COE) premiums for October's 2nd bidding has just been released, and it's currently surpassed the $150k mark from the latest tender exercise on Wednesday.
Premiums for Cat A rose by $2,000, from $104,000 to $106,000.
Cat B has rose another whopping $3,999 from $146,002 to $150,001.