SINGAPORE — Subdividing Certificates of Entitlement (COE) categories may result in more volatile prices, said Transport Minister S Iswaran on Sunday (May 7).
This comes after suggestions from dealers and buyers to split Category D, which is for motorcycles, separating luxury bikes from the rest.
"Therefore, the more volatile the price will become because basically, you have a smaller supply and all you need is a small increase in demand, and the price will go up significantly and vice versa."Among the new measures implemented, LTA increased the bid deposit for motorcycles to S$1,500 from S$800.
In the latest bidding exercise on May 4, which was the first tender involving new measures for Category D, premiums for motorcycle COEs plunged nearly 60 per cent. "We've seen the result of one bidding exercise after the changes that have taken place so I think we should let the market work itself," he said.If there is a need for any further moves, the Government will consider that at the appropriate time, he added.
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