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Five suggestions to improve COE system
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The industry says sellers have an interest to keep COE prices low, as spikes often entail costly subsidies on their part.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Amid record certificate of entitlement (COE) prices, there have been calls for the vehicle quota system to be tweaked, with changes ranging from banning car dealers from bidding to requiring bidders to pay what they bid for.
These suggestions are not entirely new, and have been made over the course of the 32-year-old auction system. In the three decades, tweaks have been made, too.
