Exploring the 'pay as you bid' suggestion in the COE bidding system

A motor trader with more than 25 years experience in the industry, gives his perspective.

Synopsis: In this new podcast, The Straits Times offers expert insights if you are in the market for a new vehicle or are tracking transportation trends.

With the big swings in the price for certificates of entitlement (COEs) in recent tender exercises, ST’s senior transport correspondent Lee Nian Tjoe hosts Mr Nicholas Wong, general manager of Kah Motor, to get his views on some suggestions to address the issue. 

Highlights (click/tap above):

2:30 Would COE prices come down if we adopt the “pay as you bid” system?

6:26 Car buyers bid for COEs themselves: Is that advisable?

9:17 Cash payment only for COEs, no financing allowed: How feasible?

13:10 Addressing the problem with electric vehicles in the COE system

18:00 "Let’s just do away with Open category COEs": Mr Nicholas Wong explains why

28:25 The types of hybrid technologies in the market today

38:00 Why hybrids are disadvantaged under the current system

Read more here: https://str.sg/if4e

Produced by: Lee Nian Tjoe (niantjoel@sph.com.sg), Ernest Luis and Teo Tong Kai

Edited by: Teo Tong Kai

Follow COE Watch Podcast here:

Channel: https://str.sg/iTtE

Apple Podcasts: https://str.sg/iqW2

Spotify: https://str.sg/iqgB

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Read Lee Nian Tjoe's articles: https://str.sg/wt8G

Follow Lee Nian Tjoe on LinkedIn: https://str.sg/iqkJ

Read more COE articles: https://str.sg/iGKC

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