If there is a need for further measures, the Government will consider that at the appropriate time, says the Transport Minister.
SINGAPORE: Subdividing Certificates of Entitlement categories may result in more volatile prices, said Transport Minister S Iswaran on Sunday .
"The more you subdivide the COE categories, the smaller the supply for each category," said Mr Iswaran on the sidelines of the official opening of a new integrated community services centre, Jampacked@West Coast. At the same time, the validity period for motorcycle temporary COEs was cut from three months to one month.
"We've seen the result of one bidding exercise after the changes that have taken place so I think we should let the market work itself," he said.If there is a need for any further moves, the Government will consider that at the appropriate time, he added.
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