Understanding COE Prices: A Friendly Guide to Singapore’s Certificate of Entitlement If you’ve ever wondered why owning a car in Singapore feels like a luxury, the answer lies in the COE, or Certificate of Entitlement. COE prices are a hot topic for anyone looking to buy a car, and understanding how they work can save you both stress and money. Let’s break it down in a simple, friendly way so you can stay informed and make smarter decisions. What is a COE? The COE is essentially a permit that allows you to own and use a vehicle in Singapore for 10 years. Due to limited land space and the government’s goal of controlling traffic congestion, the COE system was introduced to regulate the number of vehicles on the road. Think of it as a ticket to join the car-owning club—but it’s not cheap! Why Do COE Prices Fluctuate? COE prices are determined by a bidding system, and they can swing up or down depending on a few key factors: Supply and Demand : The number of COEs available is limite...