$78K for the Right to Own a Car
It now costs some $78,100 for that piece of paper that says you can buy a car like this. That’s the price of a Cat ‘B’ COE from yesterday’s tender exercise. The last time that COE hit this level was in 1994, when it was still under a 7-category scheme. At that time, the equivalent of today’s Cat ‘B’ is divided into two categories, Cat 3 (cars from 1601 cc to 2000 cc) and Cat 4 (cars above 2000 cc)….
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