It's a relief COE market did not crash, says Khaw Boon Wan

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The certificate of entitlement (COE) market has not crashed despite this not being a usual cycle, given the three-month suspension on COE bidding during the Covid-19 pandemic, said Transport Minister Khaw Boon Wan yesterday.. Read more at straitstimes.com.

The certificate of entitlement market has not crashed despite this not being a usual cycle, given the three-month suspension on COE bidding during the Covid-19 pandemic, said Transport Minister Khaw Boon Wan yesterday.

Bids for COEs saw a significant spike in the motorcycle category - from $4,489 to $7,702 - despite a 50 per cent increase in quota. Mr Khaw expects the spike in motorcycle COE bids to"peter out", noting that the $7,702 bid was below the historical high of $8,451 in February 2018.

 

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