SINGAPORE
- Certificates of entitlement (COE) took their biggest tumble in
recent months on Wednesday, falling across the board to hit among
the lowest levels this year.
COE
for cars up to 1,600cc and 130bhp dived from $66,000 two weeks ago
to hit a four-month low of $61,000. COE for cars above 1,600cc or
130bhp fell from $75,000 to settle at a three-month low of
$71,509.
Open
COE, which can be used for any vehicle type but ends up mainly for
bigger cars, slid from $75,801 to end at $74,501 - another
three-month low.
Commercial
vehicle COE finished at $50,502, down slightly from the previous
$50,900. Motorcycle premium eased to $6,401, from
$6,509.
Motor
dealers expect the sizeable price correction to draw buyers to
showrooms, but most are still predicting prices to fall further in
the coming months.
ST