CNA – With Singapore’s policy of zero-growth in the car population and as household incomes rise, Certificates of Entitlement (COE) premiums are expected to trend upwards, said Singaporean Transport Minister S Iswaran in Singapore’s Parliament on Monday.
“Fundamentally, the COE prices reflect demand for a limited and falling supply of COEs,” Iswaran said in a ministerial statement responding to parliamentary questions on the COE system.
He noted that demand for vehicles has remained “resilient”, especially as the economy recovers after COVID-19.
More details on Tuesday’s Borneo Bulletin
