Singapore

REMEMBER $1 BIKE COES?

Believe it or not, there used to be a time when motorbike COE premiums cost only $1.

This was around 1991 to 1993.

COE quotas were also higher then, particularly in November 1993 when there were 7,079 COE quotas available. Successful bids then hit only 1,090.

However, in November 1995, premiums bust the $4,000 mark with the quota drastically reduced to 652. The total number of bids received then was 1,507.

Fast forward to 2015 and owning a motorcycle became much pricier, with COE premiums starting at $4,403 in January and hitting $6,600 by Dec 23.

Wednesday's COE bidding exercise set a record with premiums at $6,889. The quota was 328 and the bids received were 409.