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Downtrend in COE prices seen continuing

Prospective buyers are holding back on purchases as they feel upcoming quotas can only get bigger

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Wednesday's Certificate of Entitlement (COE) bidding exercise is expected to continue with a general downtrend in passenger car premiums, which some dealers believe are unlikely to increase from current levels going into the second half of 2015.

Singapore

WEDNESDAY'S Certificate of Entitlement (COE) bidding exercise is expected to continue with a general downtrend in passenger car premiums, which some dealers believe are unlikely to increase from current levels going into the second half of 2015.

Key to this sentiment is

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