In Singapore, besides COE and QP, you may also have encountered the term "Prevailing Quota Premium" (PQP). What is it exactly?
According to the Land Transport Authority, more vehicle owners are deciding to extend the lifespan of their vehicles beyond 10 years.
Certificate of Entitlement prices for cars go up marginally despite a slow market, surprising some dealers in the process.
In 2006, COEs for small cars ranged between $8,000 and $13,000; the COE premium was $48,000 at the recent tender exercise that ended earlier this month.
