In a Facebook post on Thursday, Transport Minister Khaw Boon Wan said the question to look at is"how to redistribute the COEs accumulated from April to June fairly and not cause market contortion".
The bidding for COEs has been suspended since April 7 - the day that Singapore entered the circuit breaker period to stem the spread of the Covid-19 virus. The last bidding exercise took place on March 18. Stanley Toh, the chief customer officer of Cycle & Carriage Singapore, said there are two schools of thought when it comes to predicting if buyers would be cautious or not ahead of the first bidding exercise in nearly four months.
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