21 Dec '11, 8am

COE prices down

COE prices down

SINGAPORE: Premiums for certificates of entitlement (COEs) fell across the board at the end of the open bidding exercise at 4.00 pm on Wednesday. The biggest fall was in the open category, with premiums at S$71,000, compared with S$74,340 in the previous exercise. That's a drop of S$3,340 or 4.5 per cent. Premiums for small cars closed at S$50,001, compared with S$52,392 in the last bidding, lower by S$2,391, or 4.5 per cent. For big cars, premiums stood at S$70,003, compared with S$72,350 previously. That's a fall of S$2,347 or 3.2 per cent. Commercial vehicle premiums closed at S$39,589,compared with S$40,009 in the previous bidding exercise, down by S$420 or one per cent. Motorcycle premiums stood at S$1,481, compared with S$1,902 previously, lower by S$421, or 22 per cent. Mr Ron Lim, general manager of sales and marketing at Tan Chong Motor explained the year-end drop...

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

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COE prices fall across all categories #Singapore

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