Rein in rising motorbike COE prices

Motorcycle certificate of entitlement (COE) prices have been on the rise for a long time and have more than doubled since 2011.

Time and again, concerns have been raised by traders and the riding community ("Experts concerned as motorbike COEs rise to record high"; Jan 9).

Unfortunately, no action seems to be forthcoming and very little attention is given to this group, unlike when car COE prices climbed in 2013 and the authorities quickly stepped in to contain the COE rise for small cars.

Motorcyclists, in general, are from the lower-income segment of society and most ride out of necessity.

Currently, 10 per cent of all deregistrations from each COE category go into the Open category. For the motorcycle category, it is time to stop this practice, as it is like taking from the poor and giving to the rich.

The rise of the motorcycle COE price is not due to increased demand, but to the dwindling number of COEs available at each bidding.

Motorcycle COE prices will only continue to rise if the authorities do not act soon.

Ng Kei Yong