COE revamp: LTA seeks feedback on merging categories A and B

Singapore's Land Transport Authority is seeking public feedback on proposed changes to the Certificate of Entitlement system, including merging categories A and B into a single pool to reduce price volatility. A new fee-and-rebate system could see buyers of mass-market cars receiving rebates, while those purchasing higher-end vehicles pay surcharges. Analysts say the changes may stabilise premiums but are unlikely to lower overall prices. Public consultation closes on Nov 2, with findings expected early next year. Natalie Ong reports.