‘I am not sure if I can cope’: Record motorcycle COE premiums pricing more buyers out of market

Food deliveryman Norman Mohd Yusoff on his rental motorcycle. He has shelved plans to buy a bike as the COE premium has shot up. ST PHOTO: DESMOND WEE
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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.

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