COE allocation should take a leaf from IPO system

I OFTEN read the Forum pages of The Straits Times (ST). They provide a good idea of what's on the minds of citizens at large.

The ST Forum of Jan 26 had a letter with a bold headline on top of the page. It read: "Put COE bidding in hands of buyers, not dealers".

Contrary to popular perception, dealers who do proxy bidding on behalf of car buyers are not the only cause of high vehicle certificate of entitlement (COE) prices.