Fewer COEs for small cars for the next 6 months

We have just read the yahoo news report on the reduction of Certificates Of Entitlement (COEs) for small car buyers over the coming half a year.

Yes, this is taking place when the demand for cars shows no sign of abating.

It is not rocket science to figure out that the COE prices for small car category will most probably climb - once again. Which means that, most likely outcome is that the price of the COE will outstrip the cost of the car!

When this happens, the would be buyers of the small car category would most logically go for the big car category. And this inevitably inflate the overall COE prices for the big car category.

In sort, this COE system is not sustainable and will spiral out of control, rendering car-ownership further out of reach for average Singaporeans. :(



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