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Days of $150k COEs ‘are over’, but system needs thorough relook, say dealers, experts

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ST20231111_202355441023: Gin Tay/ chcoe11/ Christine Tan YJ/ 

Generic photo of visitors at the Kah Motor (Honda) showroom along Alexandra road on Saturday afternoon, on Nov 11, 2023.

Car prices have been lowered following the drop in certificate of entitlement premiums at the latest tender in November.

ST PHOTO: GIN TAY

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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.

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