Prices of motorbike COEs have been going through the roof.
In the latest bidding exercise, a COE now costs $7483, an increase of 10%.
COE prices have increased by 840% since 2010 (chart below).
At the rate of increase, motorcyclists should expect to pay $10,000 for a COE soon.
Motorcyclists should have known that under a Pay And Pay system, the cost of COEs can only head skyward. Will they vote to pay $10,000 for a COE?