For subscribers
News analysis
Speculative bidding fuels COE price spiral
Sign up now: Get ST's newsletters delivered to your inbox
If nothing is done soon, COE prices look certain to soar well past 1994's record, says the author.
PHOTO: ST FILE
Follow topic:
SINGAPORE - In November 1994, the certificate of entitlement (COE) for big cars hit an all-time high of $110,500 on the back of heated speculative bidding by motor traders.
The following month, the same premium plunged to $65,000 on news that the government was looking to ban car ownerships being transferred within three months of a secured COE.
