Since ARF is reduced effective from this month, we should expect a corresponding fall in the selling price. However, dealers would have to consider the increase in demand which will push up the COE quota premium. The recent government budget has also given cash back to the residents and thus, buyers may be a little more generous in spending on a new ride.
Prediction on March 2:
Category A: $13,000-14,000
Category B: $16,000-17,000
Verdict on March 5:
Category A: $14,351
Category B: $18,000
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