Is COE auction system broken?
Suggestions on revamping it fall short; sky-high prices could mean it's merely doing what it's designed to do
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Singapore
IF the people who buy and sell cars in Singapore have little fondness for one another, they at least have a common enemy: Certificates of Entitlement (COEs). These give someone the right to car ownership for 10 years - and it is a right that seems to be particularly prized at the moment.
Last week, COE premiums hit their highest levels in half a decade, with some in the car industry projecting more pain to come.
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