SINGAPORE - Mr Norman Mohd Yusoff, 34, wanted to replace his power-assisted bicycle with a motorcycle to do food delivery, after he obtained his Class 2B licence in early October.
But the full-time food deliveryman has shelved that plan after certificate of entitlement (COE) premiums continued rising, reaching a new record of $13,189 in November – almost three times the cost of an entry-level motorcycle.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
