COE premium spike points to more hikes this year, warn industry observers
They tie this to reduced quota and increased time for returning de-registrations to the market
Singapore's Certificate of Entitlement (COE) market has seen significant premium increases following the latest round of bidding, with industry experts warning that more hikes are likely this year. The shortage of supply in comparison to demand has led to the continued shortage of COE premiums, according to Nicholas Wong, the chief executive officer of Honda dealer Kah Motor. He stated that there will not be a significant drop in COE premiums in the coming months, as the supply-demand imbalance persists.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- COE premium spike points to more hikes this year, warn industry observers businesstimes.com.sg
