Why are COE premiums still so high amid a pandemic-induced economic slump?

COE prices, like most things, are influenced by supply and demand.
COE prices, like most things, are influenced by supply and demand.ST PHOTO: SHINTARO TAY

SINGAPORE - Singapore is in the midst of a pandemic-induced economic slump, so why are certificate of entitlement (COE) prices still so high?

That has been a common refrain in coffee shops and online forums alike, as car COE premiums hover at their highest levels this year - with no immediate signs of a slide.

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