08 Feb '12, 8am

COE prices stage strong rebound all round in latest tender exercise

Certificate of Entitlement (COE) prices staged a strong rebound all round at the latest tender on Wednesday, with the commercial vehicle premium hitting an all-time high. -- ST PHOTO: CAROLINE CHIA By Christopher Tan Certificate of Entitlement (COE) prices staged a strong rebound all round at the latest tender on Wednesday, with the commercial vehicle premium hitting an all-time high. The COE for cars above 1,600cc closed at $73,890, up from $67,889. Open COE, which can be used to register any type of vehicle but ends up mainly for bigger cars, rose from $67,101 to finish at $73,801. Premiums for cars up to 1,600cc and taxis ended at $52,809, up from $48,112 three weeks ago. The rate for commercial vehicles finished at $49,801, up from $44,001. At this record high level, this premium for trucks and vans is almost on par with passenger cars. Motorcycle COE ended at $1,802, ...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_76434...

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