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Motor Mouth
High COE prices may foil Singapore's car-lite plans
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A study found that people in Singapore who purchased their cars at higher prices tend to clock more mileage in them.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE – It is not a great time for car buyers or motorists.
Prices for certificates of entitlement (COE) are near record levels, with the premium for cars up to 1,600cc and 130bhp hitting an eight-year high of $71,556 this week, and the premiums for bigger and more powerful cars settling just below $100,000 – their highest since 1994.
