About a decade ago, it cost about $70,000 for a Certificate of Entitlement (COE) to own a normal car. Now, it’s closer to $100,000. Why have COE prices kept going up? Is it really because Singaporeans are getting richer? On this week's episode of TransportBT, host Derryn Wong explores one of Singapore's most hated acronyms: COE. Together with Say Kwee Neng, a long-time auto industry insider, they dive into the factors driving COE prices sky-high, from the rise of private-hire cars to the tax technicality that allows big car brands to bid aggressively for COEs. Highlights: 01:55 So many private-hire cars 03:59 Private-hire cars vs. Taxis 06:49 Singapore government’s stance 11:24 National sales companies 12:48 How transfer pricing drive up COE prices 15:53 Problems with the COE system --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Derryn Wong ([email protected]) With Say Kwee Neng, managing partner, One Strategic Consulting Edited by: Emily Liu & Claressa Monteiro Produced by: Derryn Wong, Emily Liu & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Correspondents: Channel: bt.sg/btcobt Amazon: bt.sg/btcoam Apple Podcasts: bt.sg/btcoap Spotify: bt.sg/btcosp YouTube Music: bt.sg/btcoyt Website: bt.sg/btcorresp Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

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