10 Nov '11, 8am

COE prices mostly up

SINGAPORE: Certificate of Entitlement (COE) premiums were up in three of five categories in the first bidding exercise in November. The biggest increase was in the Open category, where COEs can be used for any category but end up being used mostly for cars. The COE price for the Open category went up S$4,401 to S$78,001. The COE premium for goods vehicles and buses crossed the S$40,000 mark to go up S$3,792 to S$40,803. Big car COE price, meanwhile, rose S$1,111 to hit S$77,000. Small car COEs and motorcycle COEs registered a small dip this time. Small car COE was down S$115 to S$55,997, while motorcycle COEs fell S$79 to S$2,012. Observers had expected COE prices to rise this time ahead of the traditional year-end rush and because of the announcement last month in vehicle growth rate.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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