By Lorna Tan

Drawn by lower car prices and certificate of entitlement (COE) rates at record-low levels, potential buyers have been flooding showrooms to check out their dream set of wheels.

The buying frenzy was ignited on Nov 19, when the COE premium for cars with engine size up to 1,600cc crashed to $2, a level never seen before.

Said Ms Helen Neo, head of consumer banking at Maybank Singapore: 'With the Category A (below 1,600cc) COE at a record low of $2, new cars are currently priced at attractive levels.

For more The Straits Times stories, click here.