It’s time to put the brakes on high COE premiums

While the seasonal low supply of certificates is often cited as the reason for soaring premiums, it is not the only factor. ST PHOTO: ALPHONSUS CHERN
Gift this subscriber-only story to your friends and family

SINGAPORE -It has been five months since certificates of entitlement (COEs) for bigger cars crossed $100,000 – a level which they have remained above.

If the Land Transport Authority or Ministry of Transport had wanted to cool the super-heated market, they would have done so by now.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

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

Join ST's Telegram channel and get the latest breaking news delivered to you.