Daily Cuts - After 33 years, does the COE system need a review?

COE prices have breached yet another record. An eye-watering $150,000 for larger cars (Cat B) $102,000 for smaller cars (Cat A). The COE system was built 33 years ago as a way of controlling the car population in land-starved Singapore. But the current levels have led observers to question if the system is broken. Say Kwee Neng, Managing Partner ONE Strategic Consulting and motoring expert explains to Arnold & Andrea how the COE system works, and how its evolved over time.