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Jan 5, 2024 · Published January 5, 2024. Updated January 5, 2024. SINGAPORE — Certificate of Entitlement (COE) premiums may have set some record highs in 2023, but experts say the trend is not expected to...
- Industry watchers expect COE prices to keep rising, possibly ... - TODAY
SINGAPORE — Certificate of Entitlement (COE) premiums for...
- Industry watchers expect COE prices to keep rising, possibly ... - TODAY
Aug 11, 2023 · SINGAPORE: Certificate of Entitlement (COE) prices for cars have hit record highs this year and are showing no signs of slowing down. On Thursday (Aug 10), the Category B price – which is for...
- 'Zero Growth' Key Driver For Coe Prices
- Strong Demand For Luxury Cars
- Impact of Electric Vehicles
- Premiums to Grow in Tandem with Economy
- Will Prices Soar to 1994 Levels?
The tight supply for COEs is a perennial cause of upward pressure on premiums, the experts told TODAY. The Government has adopted a zero-growth policy for cars, which means that the number of COE quotas issued is constrained by the number of old COEs deregistered. Ms Sabrina Sng, managing director at Wearnes Automotive, a regional distributor and d...
In the latest bidding exercise, the premium hike has not been even across the various categories. The Category A premium has grown from S$45,600 in the first bidding of April last year to S$72,996 on Wednesday, a 60 per cent jump. Over the same period, Category B premiums shot up 88 per cent from S$52,309 to S$98,389. For the open category, the jum...
Mr Wong said that Tesla EVs, which are seeing "very strong demand at the moment”, are also contributing to the COE hike in luxury categories. All Tesla cars require a COE from either Category B or the open category as they exceed a power output of 97kW. This however, may change as the Government will be adjusting the Maximum Power Output threshold ...
The reopening of Singapore’s border and its economic recovery would also place upward pressures on COE premiums, the experts said. Mr Wong of Autolink Holdings felt that the point-to-point transport sector will start to aggressively bid for COEs again to grow its fleet of vehicles, because an influx of visitors would increase demand for such servic...
Experts and players, however, had varying views on how long the premium rally will last. Asst Prof Fan expects the overall increase in COE to be “moderate”, because the demand for vehicles may come mainly from those who previously did not own one. It would also be difficult to compare to the prices seen in 1994, he said, as “the dollar values look ...
Nov 6, 2023 · SINGAPORE – More certificates of entitlement (COEs) that are guaranteed to expire in future peak supply years will be brought forward to fill the present supply troughs, as the Government moves to...
Jul 3, 2024 · To reiterate once more, because the new cut-and-fill approach makes it impossible to predict COE supply, our analyses now focus more on the trend of vehicle de-registrations - which contribute to the certificates returned to the supply pool.
May 8, 2023 · SINGAPORE: Prices of Certificates of Entitlement (COEs) may stabilise but are unlikely to fall much despite a one-time adjustment by the Land Transport Authority (LTA) to increase supply, according...
Jan 5, 2024 · THIS year, Certificate of entitlement (COE) prices for passenger cars and commercial vehicles are expected to retreat from the record-shattering levels of 2023, as their supply increases, industry players have told The Business Times.
