Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs

35 Mr Melvin Yong Yik Chye asked the Minister for Transport (a) whether the continued rise in premiums for motorcycle certificates of entitlements (COEs) can be attributed to speculative bidding by motorcycle dealerships and motorcycle-leasing firms; (b) what are the measures put in place to prevent speculative bidding of COEs; and (c) whether the Ministry intends to review if such measures are sufficient in curbing speculative bids in the COE market.

Mr S Iswaran: I thank the Member for his questions. I have addressed them in my reply for Question No 61 for oral answer on the Order Paper for the 14 February 2022 Parliament Sitting. [Please refer to “Reasons for Recent Record High Premiums of Motorcycle COEs and Measures to Help Those Impacted and Dependent on Motorcycles for Livelihoods”, Official Report, 14 February 2022, Vol 95, Issue 47, Written Answers to Questions for Oral Answer Not Answered by End of Question Time section.]