Will imposing a COE surcharge on foreigners purchasing cars have an impact on COE prices?
This is unlikely, since foreigners account for less than 2% of successful COE bids.
Related questions
Do Private Hire Vehicles (PHV) contribute to higher COE prices?
Will banning dealers from bidding possibly reduce COE prices?
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?
Why not introduce a Pay-As-You-Bid (PAYB) bidding system to help bring down COE prices?
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