Singaporeans said surging Certificate of Entitlement (COE) prices are likely to deter them from buying new cars and instead turn to the second-hand car market for vehicles to purchase
The recent tender conducted on Wednesday saw COE prices increase between S$2,000 and S$4,000 across all categories except motorcycles.
"Is the government trying to stop us from driving cars? The COE difference is too much. It's equal to a secondhand car," said account executive Tan Poh Ling. "Rich people will still buy cars because it's a luxury to them, so the money doesn't really matter. But middle class people like us will be affected." Full story
