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High COE prices will not hurt private housing demand

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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

    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. 

    ResidentialResidential propertySingapore residential propertyCarsCOEProperty investmentThe Level Ground

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