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Podcast: The Afternoon Update with Lynlee Foo
Episode: Viewpoint: Record-high COE premiums will rise further this year. Here’s why.
Description: Certificate of entitlement (COE) premiums climbed across most categories at the latest round, with the Open category recording the biggest rise to hit $113,104, the highest levels since December 2023. At $98,524, the price of a Category A COE for smaller and less powerful cars and electric vehicles, hit a record high in 2024, and the sentiment on the street is that the upward trend will continue. Lee Nian Tjoe, The Straits Times' Senior Transport Correspondent shares his views.See omnystudio.com/listener for privacy information.