Motor Mouth: COE price surge goes beyond supply and demand

While the shrinking supply of COEs has often been cited as the reason for the escalating premiums, it does not tell the whole story. ST PHOTO: CHONG JUN LIANG
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SINGAPORE - Car buyers may be in for a mauling in the Year of the Tiger, with certificate of entitlement (COE) prices now inching towards record levels.

Category A (for cars up to 1,600cc and 130bhp) has breached $60,000 for the first time since 2015. And Category B (for cars above 1,600cc or 130bhp) and its proxy - the Open category - are closing in on the $90,000 barrier despite having a larger supply of certificates than Category A.

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