In an interview, SMU Assistant Professor of Strategy and Entrepreneurship (Education) Terence Fan commented on the record-high certificate of entitlement (COE) premiums for big cars, which reached $120,000 in the first bidding exercise of 2025. He attributed the surge to factors such as lower interest rates and analysed the broader dynamics influencing market demand and supply. Asst Prof Fan also weighed in on whether this price spike is a one-off anomaly or an indicator of future pricing trends.
