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More pain on the way after COEs cross S$100,000

Strong car demand has pushed up premiums, but consumers should be more wary of a tight supply

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    • Barring an event that puts a large dent in demand — say, a recession — there is reason to think that more pain for car buyers is on the horizon because the COE supply, the so-called COE Quota, looks set to tighten.
    • Barring an event that puts a large dent in demand — say, a recession — there is reason to think that more pain for car buyers is on the horizon because the COE supply, the so-called COE Quota, looks set to tighten. PHOTO: BT FILE

    Leow Ju-Len

    Published Wed, Jun 8, 2022 · 10:10 PM

    THE Certificate Of Entitlement (COE) market crossed a painful psychological threshold this week, when the premiums for 2 categories jumped past S$100,000.

    The Category B certificate (for combustion cars with engines of more than 130 horsepower or are above 1.6-litres in capacity, and electric cars with outputs of more than 110 kilowatts) rose S$4,795 in price to hit S$100,684.

    Category E followed suit, rising S$4,796 to S$100,697 — an apt move since certificates from this open category can be used for all vehicles (except motorcycles), but is usually deployed to register Category B cars.

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