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Motor Mouth
Fools rush in
Car buyers have no one to blame but themselves for soaring COE prices
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One of the reasons for rising certificate of entitlement prices is the availability of new models - especially in the premium segment - that is spurring buyers to flock to showrooms.
PHOTO: LIANHE WANBAO
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Christopher Tan Senior Correspondent, Christopher Tan
Older readers will remember a couple of Elvis Presley songs with the line "fools rush in". I can't help but think how apt that phrase is in the context of current certificate of entitlement (COE) prices.
In just two months, COEs for cars have risen by as much as 36 per cent, or $16,000.
