05 Jan '12, 8am

Certificate of Entitlement prices continue to slide

Certificate of Entitlement (COE) prices softened at the first tender of 2012 on Thursday, continuing a slide that started in November. -- ST PHOTO: CAROLINE CHIA By Christopher Tan Certificate of Entitlement (COE) prices softened at the first tender of 2012 on Thursday, continuing a slide that started in November. COE prices for cars up to 1,600cc ended at $46,889, down from $50,001 two weeks ago. COE for cars above 1,600cc finished at $65,801, down from $70,003. Open category COE, which can be used to register any type of vehicle but ends up mainly for bigger cars, fell from $71,000 to $65,700. The rate for commercial vehicles dipped slightly from $39,589 to $38,699. Motorcycle premiums bucked the trend by rising from $1,481 to close at $1,682. Motor traders said the market has been quiet in past weeks because of the year-end holidays; and because the final sprint to hit ...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_75216...

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