Record motorcycle COE prices driven by bidding rush before impending quota cut, say dealers

Motorcycle Certificates of Entitlement (COE) rose to a new high of S$12,801 on Oct 19.

Dealers said this was a case of dealers anticipating that prices will rise further when the COE quota is cut next month.

Even though the bidding process was changed in March to encourage "prudent bidding", dealers said this would have done little to cool the market.