Tag Archives: COEs

In an interview with the media, outgoing Transport Minister Lui Tuck Yew said that the Ministry of Transport (MOT) would not moderate the unusual surge in Certificates of Entitlement (COE), which he expects to begin to fall from mid-2018. The COE quota for motor vehicles is usually determined by the number of cars scrapped or deregistered in the preceding quarter. Analysts have complained that the ups and downs seen recently in the car market causes too much uncertainty and is not good for car dealers.

Certificate of Entitlement (COE) premiums rose sharply yesterday, with small cars registering the greatest increases. Dealers explain that the increases were probably caused by 3-year low COE premiums for small cars in last month's exercise, as well as a surge in demand for small cars because of discounts offered by dealers during the Chinese New Year period.