COE for big cars rockets to near S$76,000

COE for big cars rockets to near S$76000 - Channel News Asia

SINGAPORE: COE prices for cars soared to new highs this year in the latest bidding exercise, with the premium for big cars reaching nearly S$76,000. The jump in the Certificate of Entitlement (COE) prices comes just days after the Transport Ministry said it would cut the annual vehicle population growth rate to one per cent next year from the current 1.5 per cent. On Wednesday, the COE price for big cars registered the steepest jump, of S$12,289 to S$75,889. This was followed by the Open Category COE which rose S$8,542 to S$73,600. The COE premium for small cars rose S$5,823 to S$56,112. The premiums for big and small cars are the highest so far this year. For the Open Category, the highest COE price so far this year was S$75,789, seen in January. Car analysts said the latest results are not surprising as the recent announcement had caused some panic among potential buyers...

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