Buy your luxury car now b4 COE goes up!!!
The Government is reviewing how to improve the Certificate of Entitlement (COE) system in two main areas, said Transport Minister Lui Tuck Yew Thursday.
Speaking on the sidelines of a visit to the Marina Coastal Expressway project site, Mr Lui said the authorities are looking at how to refine the categorization of category A and B cars to separate mass market and luxury cars.
He noted that last year, models commonly viewed as higher-end options such as Mercedes Benz and BMW made up more than a third of Category A registrations compared to less than 7 per cent in 2010.
One new criteria the authorities is considering is engine power, he said, adding that the public and industry players will be consulted before a decision is made later this year.
Ride at your own risk !!!