AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car.
These BMW family cars cost around $103,000 in 2017.
COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available.
On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market.
Meanwhile, while unpopular, Singapore's COE prices are working for now.
Persons:
—, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo
Organizations:
Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times
Locations:
Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur