Understanding Singapore’s Certificate of Entitlement (COE) Trends: An In-depth Analysis of Category Quotas and Premiums

 

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Delving into the latest data, the five categories, A to E, show unique trends and dynamics.

Category A: Cars ≤ 1600cc & 130bhp or 110kW

Category A COEs, representing cars ≤ 1600cc & 130bhp, or 110kW, showed a quota premium of $101,001, marking an increase of $2,720. This change represents a 2.76% increase from the previous premium quota, indicating strong demand in this category. The number of bids received (663) outpaced the percentage (474) by about 40%, suggesting a competitive market.

Category B: Cars > 1,600cc or 130bhp or 110kW

Category B, designated for cars > 1,600cc or 130bhp, or 110kW, showcased a quota premium of $119,399 with an increase of $1,490. The expansion, about 1.26% from the previous premium quota, reflects a steady demand. Although the bids received were 513, surpassing the allocation 410 by around 25%, the increase was starker than in Category A.

Category C: Goods Vehicles and Buses

In contrast, Category C presented a more stable situation for goods vehicles and buses. The quota premium was $75,589, with a marginal change of $255, or about 0.34%. The quota and bids received were in perfect equilibrium at 109, indicating a well-matched supply and demand.

Category D: Motorcycles

Category D, reserved for motorcycles, experienced a significant change. The quota premium of $5,002 reflected an increase of $7,177, representing a remarkable 58.96% growth. The quota was 554, but the bids received were 670, showing an oversubscription of about 21%.

Category E: Open-All Except for Motorcycle Category

Finally, Category E, the open-all except motorcycle category, had a quota premium of $124,002 with a change of $499. The relatively small increase of about 0.40% indicates a stable demand. The quota was 125, while the number of bids doubled to 271, showing a high demand in this open category.

Comparison Across Categories

COE Premium

Given these trends, the relationship between the quota and bids received can indicate market competitiveness. Categories A and E, which saw submissions exceeding quotas by large margins, are likely the most competitive. The 1significant growth in the quota premium for Category D suggests a rapidly growing demand for motorcycles.

The PQP, the moving average of COE prices in the last three months, is another essential factor. In categories A, B, and E, the PQP is less than the quota premium, suggesting that Categories A and E are currently the most competitive, with bids significantly surpassing the set quotas. Category D showcases an extraordinary increase in quota premium, indicating a rapidly growing demand for motorcycles. The difference between quota premiums and PQPs in Categories A, B, and E shows that recent demand has outpaced historical trends in these categories. In contrast, Category C is experiencing a potential softening of orders as its PQP exceeds the current quota premium.

Conclusion

In conclusion, analysing quota premiums, the quota-to-bid ratio, and comparing quota premiums with PQPs provide valuable insights into the trends and dynamics of COE prices in Singapore. It is clear from the analysis that there are significant variations across different categories, and the demand and supply factors influence these variations.

Reference

“COE prices for small cars fall 9%, but open category hits record high, motorcycle premiums double”, Online Today, 17 May 2023 https://www.todayonline.com/singapore/coe-prices-close-mixed-open-record-small-slide-2173111

Certificate of Entitlement Quota, Land Transport Authority, https://www.lta.gov.sg/content/ltagov/en.html

“Drop in COE premiums may see car buyers rushing in and pushing prices back up, say analysts”, CNA, 18 May 2023, https://www.channelnewsasia.com/singapore/coe-car-premiums-drop-higher-demand-rising-prices-analysts-3497966

The Disparity in Accessibility between Developed and Developing Countries

 

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Introduction

Accessibility is a fundamental human right, yet it is often overlooked and neglected in many parts of the world. In developed countries, accessibility measures such as ramps, elevators, and tactile paving are commonplace, while in developing countries, they are often non-existent. This disparity in accessibility significantly impacts the lives of people with disabilities, making it difficult for them to participate fully in society. In this article, we will explore the issue of accessibility in developed and developing countries, the challenges faced by people with disabilities, and the potential solutions to bridge the gap.

Accessibility in Developed Countries

In developed countries, accessibility measures are mandated by law and integral to building design. This means that buildings, public transport, and other facilities are designed to be accessible to people with disabilities. For example, buildings must have ramps and elevators, and public transport must have wheelchair ramps and designated seating areas. These measures make it easier for people with disabilities to navigate their surroundings and participate fully in society.

Accessibility in Developing Countries

In contrast, accessibility measures in developing countries are often non-existent or inadequate. This is due to various factors, including lack of awareness, insufficient funding, and poor implementation of accessibility laws. As a result, people with disabilities in developing countries face significant challenges in accessing public spaces and services. For example, many buildings do not have ramps or elevators, making it difficult for wheelchair users to enter or exit. Public transport is often not accessible, with no wheelchair ramps or designated seating areas. These barriers make it difficult for people with disabilities to participate fully in society and lead independent lives.

Challenges Faced by People with Disabilities

The lack of accessibility in developing countries significantly impacts the lives of people with disabilities. They face numerous challenges in accessing essential services such as education, healthcare, and employment. For example, inaccessible schools make it difficult for children with disabilities to attend classes, while unavailable healthcare facilities make it difficult for them to receive medical treatment. Inaccessible workplaces make it difficult for people with disabilities to find employment and contribute to the economy. These challenges can lead to social isolation, poverty, and a lower quality of life for people with disabilities.

10 Issues Faced by Disabilities

Potential Solutions

There are several potential solutions to bridge the gap in accessibility between developed and developing countries. One approach is to increase awareness and education about accessibility. This can involve training architects, engineers, and building owners on accessibility standards and best practices. Governments can also incentivise businesses and organisations to make their facilities accessible. For example, tax breaks or subsidies can be offered to companies that invest in accessibility measures.

Another approach is to provide funding for accessibility measures. Governments can allocate resources to build and retrofit buildings and public spaces to make them accessible. International organisations can also provide aid and support to developing countries to improve accessibility.

Finally, there is a need for more vigorous enforcement of accessibility laws. Governments can impose penalties for non-compliance with accessibility standards, and individuals can be empowered to file complaints and seek legal redress for violations of their rights.

Conclusion

In conclusion, the disparity in accessibility between developed and developing countries is a significant issue that affects the lives of people with disabilities. While developed countries have significantly improved accessibility, developing countries still have a long way to go. The challenges faced by people with disabilities in accessing essential services and participating fully in society are significant, but there are potential solutions to bridge the gap. By increasing awareness, providing funding, and enforcing accessibility laws, we can work towards a more inclusive and accessible world for all.

References

“UN Convention on the Rights of Persons with Disabilities”, UN, https://www.un.org/development/desa/disabilities/convention-on-the-rights-of-persons-with-disabilities.html

Challenges faced by people with disabilities: https://www.who.int/zh/news-room/facts-in-pictures/detail/disabilities

Potential solutions to improve accessibility: https://www.ohchr.org/sites/default/files/2023-04/A-HRC-52-32-Transformation-of-services-for-persons-easy-to-read_0.pdf