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S1E2: Expect no real surprises in high COE environment for next few months
Why records set in 2022, and now 2023, could hint at the new normal in post-pandemic COE prices.
Synopsis: The Straits Times offers expert insights to Singapore's mobility trends and the vehicle quota system, which includes the Certificate of Entitlement (COE).
During the previous April 19 tender, the COE premium - for smaller cars up to 1,600cc and 130bhp, as well as for electric vehicles (EVs) with up to 110 kilowatts of power - crossed the $100,000 mark for the first time.
It reached a record high of $103,721, up 7.48 per cent from the previous high of $96,501 at the April 5 tender.
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