SINGAPORE: Certificate of Entitlement (COE) prices
for vehicles ended mixed at the end of the latest bidding exercise
on Wednesday.
The biggest rise in COE prices was in the big car
category, which rose S$2,400 to S$85,400.
The COE price for the small car category rose
marginally, going up S$1 to S$59,004.
In the Open Category, which is used mainly for big cars, fell
S$1,500 to S$84,389.
The COE prices for both commercial vehicles and motorcycles also
fell. The premium for commercial vehicles went down S$20 to
S$54,502 while the premium for motorcycles fell S$200 to
S$1,712.
General manager of Tan Cheong Motors, Ron Lim, said he expected COE
results to stay flat as there was no strong reason to believe
premiums will go up or down at this time.
He said many potential buyers are also adopting a "wait and see"
attitude.
-CNA/ac