"Singapore Autos Report Q3 2013" Published
The introduction of tough new car loan curbs by the Monetary Authority of Singapore (MAS) has caused us to re-evaluate our position on Certificate of Entitlement (COE) prices. We now expect them to dip in the short term but still remain higher than 2010 levels as car demand will continue to outstrip the supply of COEs. We see added support for our bullish view on motorbike sales given that the financing curbs do not apply to them. The impact of...
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