When the Monetary Authority of Singapore (MAS) introduced tough new restrictions on car loans in February, BMI said that Certificate of Entitlement (COE) prices would dip in the short-term but stay historically elevated (see ‘Middle-Class To Bear Brunt Of Loan Curbs’, February 27). True enough, although COE prices initially dipped, they have since rebounded and are now back above SGD70,000 (US $55,000) for both Category A (1600cc and below) and Category B (above 1600cc) cars. Possible Reasons For The Recent Loan Curbs While consumers have clamoured for restrictions on car loans in the past few years to cool the overheated …
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