18 Jan '12, 11am

COE premiums rebound in latest tender exercise after sliding for the 5 previous consecutive rounds

Certificate of Entitlement prices rebounded in the latest tender on Wednesday after sliding for the five previous consecutive rounds. -- ST PHOTO: CAROLINE CHIA By Christopher Tan Certificate of Entitlement (COE) prices rebounded in the latest tender on Wednesday after sliding for the five previous consecutive rounds. The COE for cars above 1,600cc closed at $67,889, up from $65,801. Open COE, which can be used to register any type of vehicle but ends up mainly for bigger cars, rose from $65,700 to finish at $67,101. Premiums for cars up to 1,600cc and taxis ended at $48,112, up from $46,889 two weeks ago. The rate for commercial vehicles posted the strongest increase, ending at $44,001 from $38,699 - fuelled by news of a significant shrinkage in supply starting in February. Motorcycle COE bucked the trend by dipping to $1,552, from $1,682. Motor traders expected the hike ...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_75706...

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Placing limits on banks in providing financing for COEs is not an effective way to moderate the rise in COE premiums.

Placing limits on banks in providing financing ...

cars.st701.com 23 Jan '12, 4am

PLACING limits on banks in providing full or partial financing for certificates of entitlement (COEs) is not an effective ...