Originally posted by srad:
[b]COE prices go up again
THE prices of certificates of entitlement (COE) have rebounded,
rising by about $3,000 in the two most popular car
categories.
At the close of yesterday's bidding exercise, they had risen from a
nine-month low two weeks ago to levels last seen in July and
August.
Bidders will pay $31,334 for cars 1,600 cc and below, up from
$28,409 previously.
COEs for cars above 1,600 cc will cost $31,795, up from
$28,009.
Open category certificates, which have been used traditionally to
register large cars, now cost $30,989, from $29,499.
Those for commercial vehicles are $17,581, up from $16,409.
Demand for cars has risen too, with 1.7 times more bids than COEs
available. Previously, it was 1.2 to 1.3 more.
From a percentage point of view, the largest rise was seen in
motorcycle COE prices, which went up about 70 per cent, from an
eight-year-low of $21 to $36.
Mr Phoon Ah Sow, president of the Singapore Motor Cycle Trade
Association, blamed the languishing demand for motorbikes on
ballooning insurance premiums and a still gloomy economic
climate.
He expected the COE price for these vehicles to remain low as long
as these conditions prevail.
Motor Traders' Association president Michael Wong noted that car
COE prices appear to be 'going back to their normal level'.
He said demand for cars may be picking up now because consumers
want to avoid the increase in goods and services tax next
January.
Car dealers are also pushing to reach sales targets before the year
end, he added.[/b]
how come motorcycles COE now so cheap?
my bike is Sep2000 COE= 1200 !
