Mr Chua Kheng Wee Louis asked the Minister for Transport what are the key reasons for and the demand drivers behind, the record high Certificate of Entitlement (COE) prices for Categories B, D and E that were set in the latest COE bidding round.
Mr S Iswaran: I thank the Member for his question. I have addressed it in my reply for Question 86 for the written answer for the 28 November 2022 Parliament Sitting. [Please refer to “Causes of Increase in COE Prices and Number of Motorcycles Deregistered”, Official Report, 28 November 2022, Vol 95, Issue 76, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]
Ministry of Transport
29 November 2022