SINGAPORE — Certificate of Entitlement premiums for the open category hit a record S$118,001 in the latest COE bidding exercise on Wednesday , with premiums also closing higher across the board in other categories.
In the latest exercise, COE price for Category C, which includes goods vehicles and buses, also hit a record high of S$87,790, up from S$85,119 in the last exercise. The ARF is a tax imposed when one registers a vehicle, and is calculated based on a percentage of the vehicle’s Open Market Value.
dealers pushing up the coe ..should ban dealers from bidding
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Open category COE hits record high of $118,001The certificate of entitlement (COE) price in the Open category hit a record high of $118,001 in the tender exercise that closed on Wednesday. The commercial vehicle COE also set a new record price of $87,790. Meanwhile, the premiums for all other categories went...
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Open category COE prices hit record high as premiums rise across the board in latest bidding exerciseCOE premiums for commercial vehicles in Category C also hit a new high. Let’s see some changes in COE. Set aside half of COE quotas to be balloted like HDB BTOs. These COEs cannot be sold or transferred and will only be returned to gov if the owner wishes to sell their car before their 10th year. The COE quota system where only the rich hv a car is no longer tenable. It does not distribute the cars faily based on needs. Half of the monthly quota released shld be by ballots. Nobody shld own more than 1 car. Bidding by self n not by dealers.
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Bond-free Lim Kim San Memorial Scholarship for study in local unis now open for applicationIt is offered by SPH Foundation, and recipients may get to intern with SPH Media. Read more at straitstimes.com.
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