Businesses, motor traders, authorities worry over soaring COE cost
LTA looking at putting light and heavy vehicles in separate categories
Sky-high certificate of entitlement (COE) prices for commercial vehicles have become a worry for businesses, motor traders and the authorities.
Premiums for vans, trucks and buses have been setting record after record in recent months.
Now at $76,001, it has more than doubled its price since 2011 - chalking the biggest rise among all COE categories in the two years.
The motor industry attributes the climb to three factors.