LTA proposes merging COE car categories, with fees and rebates for different models
Buyers of higher-end cars could pay up to S$30,000 more than mass-market buyers.
Singapore's Land Transport Authority (LTA) is proposing to consolidate Categories A and B of Certificates of Entitlement (COEs) for cars into a single category. This would introduce fee and rebate adjustments based on a car's median open market value. Under the proposal, the maximum price difference between higher-end cars and mass-market cars would be capped at S$30,000.
The public consultation for this proposal opened on October 8 and will close on November 2. LTA aims to better distinguish between mass-market and higher-end cars while allowing COE prices to remain market-driven.
Written by urgent.news from CNA - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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