Synopsis: The Straits Times offers expert insights to Singapore’s mobility trends and the vehicle quota system, which includes the Certificate of Entitlement .
There are two tender exercises for these COEs every month. It typically opens for three days, from noon on a Monday and to 4pm on Wednesday. But the bidding action only comes alive in the final hour or so, as more bids start to appear and the premiums climb.To help us understand what goes on behind the scenes in that last 60 minutes, ST’s senior transport correspondent Lee Nian Tjoe speaks with Mr Say Kwee Neng, who has been in the motor trade for more than 20 years.
23:20 Say Kwee Neng: “There is no chance that COE premiums will come down. The days of a five-figure COE are well and truly over.”Follow COE Watch Podcast here: