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Days of $150k COEs ‘are over’, but system needs thorough relook, say dealers, experts
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Car prices have been lowered following the drop in certificate of entitlement premiums at the latest tender in November.
ST PHOTO: GIN TAY
SINGAPORE – The sharp drop in certificate of entitlement (COE) premiums on Nov 8 is likely to be the start of a downward trend in 2024, barring a surge in demand from private-hire fleet owners, said motor dealers.
This is even if prices rebound in the final tender exercise in November, they added.
