Singapore

THE expected spike in the Certificate of Entitlement (COE) supply may not lead to lower car prices in the second half of 2015 due to the tightened carbon emissions-based vehicle scheme (CEVS), with continued demand from owners of ageing cars likely to buoy COE premiums as well.

The new COE quota for May-July 2015 will have 44.6 per cent more Category A small car COEs than the current quota for February-April 2015, while Cat B big car COEs get 28.5 per cent extra. Cat E - the open category which currently tracks Cat B in terms of premium - will enjoy a 54.4 per cent jump.