In Parliament
Written Reply by Minister for Transport S Iswaran to Parliamentary Question on Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs
15 February 2022
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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.
Reply by Minister for Transport S Iswaran:
1. 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.