22 Feb '12, 9am

COE prices rise across the board, highest since late-1990s

Certificate of entitlement (COE) prices rose strongly across the board to reach new highs at the latest tender on Wednesday. -- ST PHOTO: CAROLINE CHIA By Christopher Tan Certificate of entitlement (COE) prices rose strongly across the board to reach new highs at the latest tender on Wednesday. The COE for cars above 1,600cc closed at $78,189, up from $73,890. Open category COE, which can be used to register any type of vehicle but ends up mainly for bigger cars, rose from $73,801 to finish at $78,000. Premiums for cars up to 1,600cc and taxis ended at $57,009, up from $52,809 two weeks ago. These premiums are the highest since the late-1990s. The rate for commercial vehicles crossed the $50,000 mark for the first time to finish at an all-time high of $52,004, up from $49,801. Motorcycle COE ended at $2,012, up from $1,802. Industry watchers attribute the robust prices to ...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_76943...

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