COE prices slide across all categories
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[SINGAPORE] Certificates of entitlement (COE) ended lower across the board in yet another demonstration of what goes up must come down.
COE for cars up to 1,600cc and 130bhp finished at S$47,821, down from S$48,510 two weeks ago.
COE for cars above 1,600cc or 130bhp closed at S$56,032, down from S$60,109.
Open COE, which can be used for any vehicle type except motorcycles but which ends up mostly for bigger cars, ended at S$58,001,down from S$61,112.
Commercial vehicle COE finished at S$37,000, down from S$37,002.
Motorcycle premium closed at S$8,501, down from S$8,703.
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Market watchers said the absence of aggressive sales promotions, and new buyers put off by recent increases in premiums were partly responsible for the lower prices in the latest tender on Wednesday.
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