In an interview, SMU Assistant Professor of Strategy & Entrepreneurship (Education) Terence Fan said that despite the rise in certificate of entitlement (COE) premiums in the last bidding exercise of 2024, there appears to be a general downward trend of COE prices, albeit the occasional wobbles. While up to 20,000 additional COEs will be put out gradually from February 2025, people are aware that the impact will not be a “big bang”. Instead, people assume that if they do need a car quick, they can take advantage of the year-end sales that are ongoing. Generally, it is good that people are excited about purchasing cars and signals to authorities that there is a pent-up demand for vehicles.
