Next COE bidding

Both Cat A and Cat B will likely go above $50k.

Those who bought at COE $38k are very lucky. That will be the lowest point for the next few years. When COE supply shrink in the future, be ready to pay at least $100k.

Demand driven by: replacement demand, demand from private car operators, new drivers, richer families with high household disposable income, families buying their second and third cars, etc.

Supply will shrink in the future.

Demand rise, supply fall means COE price will rise.