Open Market Value of Cars Registered under Categories A and B COEs

Debated in Parliament on 10 May 2023.

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Leong Mun Wai requested detailed open market value percentiles for cars registered under Categories A and B COEs from 2010 onward.
S Iswaran responded that the government does not track data to such a level of detail.
He noted that Category B median OMV has been about 75% higher than Category A in recent years, citing Q1 2023 figures.
Specific figures provided include a Category A median OMV of $25,525 and a Category B median OMV of $44,866 for Q1 2023.
The Minister referenced an earlier ministerial statement for additional context but did not supply the requested percentile data.

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Leong Mun Wai

Mr Leong Mun Wai asked the Minister for Transport for each year since 2010 (a) what is the (i) median, (ii) 90th percentile and (iii) 99th percentile of the open market value of cars registered under Category A COEs; and (b) what is the (i) 1st percentile (ii) 10th percentile and (iii) median of open market value of cars registered under Category B COEs.

S Iswaran

We do not track the data to this level of detail. As I shared in my Ministerial Statement on Meeting the Transport Needs of Singaporeans on 8 May 2023, the Category B median Open Market Value (OMV) has been about 75% higher than the Category A median OMV in recent years. Specifically, for the first quarter of 2023, the Category A median OMV was $25,525, and the Category B median OMV was $44,866. [Please refer to "Meeting the Transport Needs of Singaporeans", Official Report, 8 May 2023, Vol 95, Issue 102, Ministerial Statements section.]

Summary written by AI (learn more)

Leong Mun Wai requested detailed open market value percentiles for cars registered under Categories A and B COEs from 2010 onward.
S Iswaran responded that the government does not track data to such a level of detail.
He noted that Category B median OMV has been about 75% higher than Category A in recent years, citing Q1 2023 figures.
Specific figures provided include a Category A median OMV of $25,525 and a Category B median OMV of $44,866 for Q1 2023.
The Minister referenced an earlier ministerial statement for additional context but did not supply the requested percentile data.

Questions identified by AI (learn more)

Open Market Value of Cars Registered under Categories A and B COEs | PAPERCUTS

Open Market Value of Cars Registered under Categories A and B COEs

Debated in Parliament on 10 May 2023.

Summary written by AI (learn more)

Leong Mun Wai requested detailed open market value percentiles for cars registered under Categories A and B COEs from 2010 onward.
S Iswaran responded that the government does not track data to such a level of detail.
He noted that Category B median OMV has been about 75% higher than Category A in recent years, citing Q1 2023 figures.
Specific figures provided include a Category A median OMV of $25,525 and a Category B median OMV of $44,866 for Q1 2023.
The Minister referenced an earlier ministerial statement for additional context but did not supply the requested percentile data.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

S Iswaran

Summary written by AI (learn more)

Leong Mun Wai requested detailed open market value percentiles for cars registered under Categories A and B COEs from 2010 onward.
S Iswaran responded that the government does not track data to such a level of detail.
He noted that Category B median OMV has been about 75% higher than Category A in recent years, citing Q1 2023 figures.
Specific figures provided include a Category A median OMV of $25,525 and a Category B median OMV of $44,866 for Q1 2023.
The Minister referenced an earlier ministerial statement for additional context but did not supply the requested percentile data.

Questions identified by AI (learn more)

Open Market Value of Cars Registered under Categories A and B COEs

Summary

Questions Identified

Full Transcript

Leong Mun Wai

S Iswaran

Summary

Questions Identified

Open Market Value of Cars Registered under Categories A and B COEs

Summary

Questions Identified

Full Transcript

Leong Mun Wai

S Iswaran

Summary

Questions Identified