Record-high Certificates of Entitlement (COE) premiums have hit the headlines in recent times, and while efforts have been made to increase the supply and bring down prices, the question remains: What more can be done to the existing system to make the prices of premiums less volatile?
Should certificates of entitlement ( COE ) for cars be longer than 10 years? Why can’t we have additional buyers’ stamp duty for cars or create car categories based on needs? We take suggestions from the public on refining the COE system to the experts.
Record-high Certificates of Entitlement (COE) premiums have hit the headlines in recent times, and while efforts have been made to increase the supply and bring down prices, the question remains: What more can be done to the existing system to make the prices of premiums less volatile? The first bidding exercise in October 2023 saw premiums for the Open Category - which can be used for any vehicle type but end up being used mainly for large cars - For perspective, a typical family car such as the base model 1.6-litre Toyota Corolla Altis was marketed at about S$173,000 during that time, taking into account COE registration. Its cost price is closer to S$20,00
Certificates Of Entitlement COE Premiums Car Categories Buyers' Stamp Duty Refining Suggestions Public
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Should the COE system be revamped?Motor industry veterans pitch their ideas to bring down premiums Read more at straitstimes.com.
Read more »
Jamus Lim: COE system is broken; time to implement changesThe Sengkang GRC MP also proposed solutions for addressing high COE costs for motorcycle owners, many of whom are from lower-income families
Read more »
COE prices can spike further if there is separate category for private-hire cars: Chee Hong TatThere are trade-offs to having a separate Certificate of Entitlement (COE) category for private-hire cars (PHC), Acting Transport Minister Chee Hong Tat said in Parliament on Monday (Nov 6). Such a plan, he said, can risk COE prices to spike further. Premiums for COE, which form a big chunk of a car's final price tag, have been hitting new highs...
Read more »
Chee Hong Tat on managing volatility in COE supply and demandMore Certificates of Entitlement (COEs) will be brought forward from periods of high supply to stabilise times where fewer COEs are available as part of the Government’s “cut-and-fill” approach in managing supply and demand.
Read more »
Car leasing companies 'unlikely' to be the main factor for rising COE prices: Transport MinistryThis is because Certificate of Entitlement (COE) prices have increased “in a period when demand from car-leasing companies have come down”, says Acting Minister for Transport Chee Hong Tat.
Read more »
The gist: MPs discuss COE supply, the Oct 14 banking disruption and Israel-Hamas warMPs and ministers condemned violence against civilians in the conflict, and urged cohesion and harmony. Read more at straitstimes.com.
Read more »