COE prices fall despite buying interest being whipped up at last week’s Singapore Motor Show.
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COE prices ended mixed at the latest round of bidding, on Jan 4, 2018.
LTA said about 12 percent of land space is taken up by roads and there is limited scope for further expansion of the road network.
January to October COE revalidations up 20% from same period last year.
Tens of thousands of households will have to give up cars with zero-growth policy.
Certificate of entitlement (COE) prices ended lower for all categories except for motorcycles at the latest tender yesterday.
COE prices finished mixed in the round of bidding that ended on Nov 22, 2017.
Gov’t to remove vehicle growth rate factor, citing land constraints and commitment to improve public transport.
COE prices finished mixed at the round of bidding that ended on Oct 19, 2017.
Prices slide after previous rebound, which caused buyers to stay away from showrooms.