There will be a total of 10,452 COEs spread across the five categories, said the Land Transport Authority in its regular quota announcement on Friday .For cars up to 1,600cc and 130bhp, there will be 1,062 COEs each month, one fewer a month than the figure from November to January.
There will be 360 Open COEs per month, an increase of 24.1 per cent from 290. Open COEs can be used for any vehicle type except motorcycles but end up mostly for bigger cars.Motorcycle COE supply will drop by 1.6 per cent from 822 to 809 per month. Mr Nicholas Wong, general manager at Kah Motors, said:"I don't think there will be big moves in terms of premiums in the next three months."
Such an outdated law to control vehicle numbers. The rich hoards multiple cars in the garage while a family of 4 takes a loan to buy their a family car. COE was good when the wealth gap was less severe back in the 90s. Not anymore.
Kaching!!
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