Will imposing a COE surcharge on foreigners purchasing cars have an impact on COE prices?

Updated by MOT 9mo ago

This is unlikely, since foreigners account for less than 2% of successful COE bids.

Topics:

Certificate of Entitlement (COE)

Related questions

What affects COE prices? What is fuelling the high bids in 2025? Are our policy measures (e.g. the one-off injection of 20,000 COEs in Oct 2024 and the 'cut-and-fill' to bring forward COE quota from peak years) ineffective given rising COE prices?

Updated 9mo ago

Do Private Hire Vehicles (PHV) contribute to higher COE prices?

Updated 9mo ago

Why not introduce a Pay-As-You-Bid (PAYB) bidding system to help bring down COE prices?

Updated 9mo ago

Will banning dealers from bidding possibly reduce COE prices?

Updated 9mo ago

Need more help?

Describe your issues to us.