S1E1: Will the COE for your next car come down on Feb 8? - COE Watch

Why new 5-digit motorcycle COE prices matter to you even if you don't ride. 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. The certificate of entitlement (COE) is the permit needed for a vehicle to be used on the road in Singapore. The price of COEs - set by an open tender exercise - has been making the news throughout 2022, repeatedly setting record highs, pushing up the cost of owning a vehicle - and by extension, the cost of transportation all round. The next tender exercise closes at 4pm on Feb 8, 2023. In this episode, podcast editor Ernest Luis and senior transport correspondent Lee Nian Tjoe try to "crystal ball" the results: Will it go up? Or down? Highlights (click/tap above): 1:50 Up or down? More than 100 million dollars were collected in a single COE tender in December 2022 3:14 Why COE prices matter to all in Singapore, even if you are not looking to buy a new car 4:12 A 'gap week' that will influence how the COE price will develop 5:28 A motorcycle COE now costs more than $10,000; why it matters 7:30 Why COE cannot crash overnight; explaining the new calculation method to determine the supply of COEs 13:29 When to put in a bid if you want to get your own COE Read more here: https://str.sg/wt8p Produced by: Lee Nian Tjoe ([email protected]), Ernest Luis, Hadyu Rahim and Teo Tong Kai Edited by: Teo Tong Kai Follow ST Podcasts channel: Channel: https://str.sg/wvz7 Apple Podcasts: https://str.sg/wukK Spotify: https://str.sg/wukH Google Podcasts: https://str.sg/wukr SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: [email protected] Lee Nian Tjoe's articles: https://str.sg/wt8G --- Discover more ST podcast channels: In Your Opinion: https://str.sg/w7Qt Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN Green Pulse: https://str.sg/JWaf Your Money & Career: https://str.sg/wB2m ST Sports Talk: https://str.sg/JWRE #PopVultures: https://str.sg/JWad Music Lab: https://str.sg/w9TX Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL --- Special edition series: True Crimes Of Asia (new): https://str.sg/i44T The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2 Invisible Asia (9 eps): https://str.sg/wuZn Stop Scams (10 eps): https://str.sg/wuZB Singapore's War On Covid (5 eps): https://str.sg/wuJa --- Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.