High COE prices will not hurt private housing demand

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.