Planning to buy a car in Singapore? You may want to keep an eye on the latest COE news.
The Government is reviewing a proposal to merge COE Category A and Category B into one single category for all passenger cars. If implemented, this could be one of the biggest changes to the COE system in years.
Why the change? With more electric vehicles on the road and COE prices for both categories becoming increasingly similar, the current system may no longer reflect today's car market.
A merged category could simplify the bidding process, but it may also mean greater competition for COEs and affect future car prices.
While no final decision has been announced, the outcome could shape how Singaporeans buy cars in the years ahead.
Stay informed, because this change could impact your next car purchase more than you think.
