COE at an all-time high: Is the system due for a change?

This week, the Certificate of Entitlement (COE) premium hit a record S$114,001 for the Open Category. In this episode, we pop the hood to explore what's driving demand, whether the system remains relevant and if people should just accept the high cost of cars. Steve Chia speaks to Assistant Professor Terence Fan of the Singapore Management University, Arthur Wong, managing director at ACM Automobiles and Aaron Tan, CEO of start-up Carro, an online car marketplace.See omnystudio.com/listener for privacy information.