On The Ground

COE breaching $100,000 can be a good thing

More broadly, a $100,000 COE means the rich are contributing more to Singapore's tax coffers, which is a good thing. PHOTO: ST FILE
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SINGAPORE - Certificate of entitlement (COE) premiums for bigger, more powerful cars crossed $100,000 on Wednesday (June 8) - the highest since 1994.

This is not entirely a surprise, given the seasonally small supply of certificates paired with robust demand from a growing affluent class and uncontrolled optimism among fleet operators.

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