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LTA calling surprise meet with motor traders on Monday

Some traders think more changes to COE system might be in store

Published on Jan 13, 2014 7:58 AM
 
The Land Transport Authority is calling a surprise industry-wide meeting with motor traders today, sparking speculation that it will announce more changes to the certificate of entitlement system. -- ST FILE PHOTO: CAROLINE CHIA

The Land Transport Authority (LTA) is calling a surprise industry-wide meeting with motor traders today, sparking speculation that it will announce more changes to the certificate of entitlement (COE) system.

The authority - which refused to comment on the meeting - is expected to release details on the next six-monthly supply of COEs mid-January.

Observers said the number of COEs is expected to fall by double-digit levels across the car categories, with supply already at its lowest since the system started in 1990.

This will mean premiums - hovering between $72,000 and $80,000 now - could go higher before settling down in the latter half of the year, when the quota is expected to expand appreciably.

 
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