The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

High COE prices will not hurt private housing demand

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Jan 1, 2024 · 04:35 PM
    • By doing away with owning a car, more capital can be allocated towards buying a home.
    • By doing away with owning a car, more capital can be allocated towards buying a home. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CAR buyers will heave a sigh of relief, especially those looking for higher-end cars.

    Prices for all certificate of entitlement (COE) categories fell in December’s second round of bidding, with the largest reduction seen in the category reserved for more powerful cars. Prices for Category B fell 15.4 per cent, or S$20,099.

    A bane of car buyers is the need to buy a COE, which has a finite life. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ResidentialResidential propertySingapore residential propertyCarsCOEProperty investmentThe Level Ground

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More