Car COE premiums seen falling by up to S$10,000 in 2018

Singapore

PASSENGER car certificate of entitlement (COE) premiums could slump by S$10,000 to S$15,000 next year, but buyers are unlikely to benefit from lower car prices.

This is because the fall in premiums may be a reaction to widespread surcharges anticipated under the upcoming Vehicular Emissions Scheme (VES).

VES replaces the current CEVS or Carbon Emissions-based Vehicle Scheme on Jan 1, 2018.

As VES measures five pollutants instead of just one and is more stringent, some popular models which now enjoy a CEVS rebate of between S$5,000 and S$30,000 wi…