Why is coe rising

Part of it might be the aforementioned reactive factor, but it could also be a marker of how badly or not the pandemic has affected the car buying sentiment in Singapore. Ben Chia. CarBuyer's senior staff writer went out to explore the Great Big World, including a stint working in China despite his limited Mandarin.

Now he's back, ready to foist upon you his takes on everything good and wonderful about the automotive world. Follow Ben on Instagram carbuyer. Search for a car. CarBuyer Magazine. Latest Stories. To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.

Main navigation Top Stories. Singapore COE premiums rise across the board in first bidding exercise under new quota. Bookmark Bookmark Share. Close Top Stories. Unlike other brands, Tesla does not package its cars with COE. Instead it prices its cars without COE, and then gets customers' approval to bid for a certain COE price - with an allowance for another 15 per cent.

Motor traders said this method almost ensures a steady rise in premiums as the company bears no risk even if premiums soar. Elsewhere, commercial vehicle COE prices rose by 4. The motorcycle premium chalked the smallest increase of 2. The quota reduction for car COEs for the next three months is between 24 per cent and 34 per cent.

Mr Neo Nam Heng, chairman of diversified motor group Prime, said the COE supply is so small now that any small increase in demand will move prices significantly. Join ST's Telegram channel here and get the latest breaking news delivered to you. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles.