Increase in COE across all categories
Increase in demand for cars have caused Certificate of Entitlement(COE) prices to shoot upwards.
OneShift Editorial Team
19 Feb 2009
Category B prices increased from S$4,200 to S$4,889, while Category A prices gone up a thousand dollars from S$3,440 to S$4,460. Likewise, the Open Category premium went up S$2,889 to S$5,889.
The recent announcement from the government in their intention to reduce COE quota by 24% was the likely cause for the increase in demand for cars.
Strange though, as it seems that Singaporeans are more fearful about lesser COE quota than having lesser jobs.
Credits: Jarvis
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