COE premiums hit new highs as old car extensions put brakes on new supply
LARGE numbers of Singapore car owners over the past five years have chosen to keep their decade-old vehicles instead of scrapping them, delaying the availability of new certificates of ownership (COEs) and supporting high premiums, according to an analysis by The Business Times.
On Wednesday (Nov 9), the first round of bidding for November 2022 closed with premiums up in all vehicle categories and record highs for larger cars and motorcycles.
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