More transparency needed in COE bidding system

I agree with Mr Richard Chan Yong Huat ("Put COE bidding in hands of buyers, not dealers"; yesterday).

There does not seem to be transparency in the current certificate of entitlement (COE) bidding system.

Fifteen minutes before bidding closes, the price is still shown as $1, but in the final 15 minutes, all hell breaks loose and hundreds of bids are submitted.

Teo Teck Kin

A version of this article appeared in the print edition of The Straits Times on January 27, 2016, with the headline 'More transparency needed in COE bidding system'. Print Edition | Subscribe