COE prices end lower, with 10% drop for cars

Singapore

CERTIFICATE of entitlement (COE) prices ended lower across the board at the latest tender on Wednesday as consumers adopted a cautious stance in the light of an uncertain economic outlook.

COE premiums for cars up to 1,600cc and 130bhp closed at S$26,999, down from S$30,009. COE prices for cars above 1,600cc or 130bhp finished at S$35,906, down from S$39,728.