After 2013's brakes, car players wary of 2014
Singapore
AFTER being hit by soaring Certificate of Entitlement (COE) premiums and a slew of regulatory changes, buyers and sellers of cars here have to adjust to a new normal. And that includes not just the tighter financing rules but also stubbornly high COE premiums through much of 2014, say industry insiders.
Most observers agree that the biggest shock to the market in 2013 was the Feb 25 vehicle financing restrictions announced by the Monetary Authority of Singapore.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients