Viewpoint: Why the gap is narrowing between Cat A and Cat B COEs

The latest COE prices whereby COEs for Category A and Category B are priced at $91,001 and $100,901 respectively. This continues the trend whereby the gap between Cat A and Cat B is narrow, at about $10,000 apart. Previously, the gap used to be about $30,000 apart.  What is fueling this narrow gap? Will this trend continue? Can we ever expect COE prices to become less expensive? Lee Nian Tjoe, Senior Transport Correspondent at The Straits Times, shares his views. See omnystudio.com/listener for privacy information.