After 2013's brakes, car players wary of 2014
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
