Viewpoint: Record-high COE premiums will rise further this year. Here’s why.

Certificate of entitlement (COE) premiums climbed across most categories at the latest round, with the Open category recording the biggest rise to hit $113,104, the highest levels since December 2023. At $98,524, the price of a Category A COE for smaller and less powerful cars and electric vehicles, hit a record high in 2024, and the sentiment on the street is that the upward trend will continue. Lee Nian Tjoe, The Straits Times' Senior Transport Correspondent shares his views.See omnystudio.com/listener for privacy information.