转自straits time-Do not rush to push the COE prices higherCertificate of entitlement (COE) premiums are on the rise. Compared with the start of the year, car COEs have climbed by 28 to 59 per cent to $33,199 (cars up to 1,600cc), $48,000 (cars above 1,600cc) and $52,410 (open). Folks looking to buy a new car might be alarmed. Should they rush out to buy before prices rise further? In a word, no. Because doing so will only fuel the premium hike. Time and again, we have seen similar market responses sending prices even higher and resulting in a self-fulfilling prophecy. The right thing to do is to resist the temptation and wait it out. What goes up will come down and COE prices are no exception. Let those who choose to succumb to fear flock to the showrooms. They might drive prices up, but it will be temporary and at their expense. Once demand from panic buying is soaked up, prices will head south. More so, since the factors fanning the COE flame in recent months have little to do with retail demand. More (more...)