Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs

Debated in Parliament on 15 Feb 2022.

Summary written by AI (learn more)

Melvin Yong questioned if speculative bidding by dealerships and leasing firms is driving the rise in motorcycle COE premiums and asked what measures exist to prevent such speculation and whether these measures are sufficient.
S Iswaran referred to his previous written reply dated 14 February 2022, which addressed the reasons for high motorcycle COE premiums and the measures to help those impacted, implying that the Ministry’s stance and existing measures were already documented there.
The exchange highlights parliamentary scrutiny of COE market dynamics but does not introduce new policy actions beyond referencing an earlier official response.

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Melvin Yong Yik Chye

Mr Melvin Yong Yik Chye asked the Minister for Transport (a) whether the continued rise in premiums for motorcycle certificates of entitlements (COEs) can be attributed to speculative bidding by motorcycle dealerships and motorcycle-leasing firms; (b) what are the measures put in place to prevent speculative bidding of COEs; and (c) whether the Ministry intends to review if such measures are sufficient in curbing speculative bids in the COE market.

S Iswaran

I thank the Member for his questions. I have addressed them in my reply for Question No 61 for oral answer on the Order Paper for the 14 February 2022 Parliament Sitting. [Please refer to “Reasons for Recent Record High Premiums of Motorcycle COEs and Measures to Help Those Impacted and Dependent on Motorcycles for Livelihoods”, Official Report, 14 February 2022, Vol 95, Issue 47, Written Answers to Questions for Oral Answer Not Answered by End of Question Time section.]

Summary written by AI (learn more)

Melvin Yong questioned if speculative bidding by dealerships and leasing firms is driving the rise in motorcycle COE premiums and asked what measures exist to prevent such speculation and whether these measures are sufficient.
S Iswaran referred to his previous written reply dated 14 February 2022, which addressed the reasons for high motorcycle COE premiums and the measures to help those impacted, implying that the Ministry’s stance and existing measures were already documented there.
The exchange highlights parliamentary scrutiny of COE market dynamics but does not introduce new policy actions beyond referencing an earlier official response.

Questions identified by AI (learn more)

Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs | PAPERCUTS

Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs

Debated in Parliament on 15 Feb 2022.

Summary written by AI (learn more)

Melvin Yong questioned if speculative bidding by dealerships and leasing firms is driving the rise in motorcycle COE premiums and asked what measures exist to prevent such speculation and whether these measures are sufficient.
S Iswaran referred to his previous written reply dated 14 February 2022, which addressed the reasons for high motorcycle COE premiums and the measures to help those impacted, implying that the Ministry’s stance and existing measures were already documented there.
The exchange highlights parliamentary scrutiny of COE market dynamics but does not introduce new policy actions beyond referencing an earlier official response.

Questions identified by AI (learn more)

Full Transcript

Melvin Yong Yik Chye

S Iswaran

Summary written by AI (learn more)

Melvin Yong questioned if speculative bidding by dealerships and leasing firms is driving the rise in motorcycle COE premiums and asked what measures exist to prevent such speculation and whether these measures are sufficient.
S Iswaran referred to his previous written reply dated 14 February 2022, which addressed the reasons for high motorcycle COE premiums and the measures to help those impacted, implying that the Ministry’s stance and existing measures were already documented there.
The exchange highlights parliamentary scrutiny of COE market dynamics but does not introduce new policy actions beyond referencing an earlier official response.

Questions identified by AI (learn more)

Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs

Summary

Questions Identified

Full Transcript

Melvin Yong Yik Chye

S Iswaran

Summary

Questions Identified

Reasons and Preventive Measures for Continued Rise in Premiums for Motorcycle COEs

Summary

Questions Identified

Full Transcript

Melvin Yong Yik Chye

S Iswaran

Summary

Questions Identified