COEs shoot up on zero-growth fears
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Christopher Tan
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Singapore
CERTIFICATES of entitlement (COEs) ended sharply higher across the board at the latest tender on Wednesday, on panic buying triggered by the government's announcement to freeze Singapore's vehicle population from February.
COEs for cars up to 1,600cc and 130bhp closed at a six-month high of S$47,112, from S$41,617. COE for cars above 1,600cc or 130bhp ended at a 15-month high of S$57,414, from S$49,996 previously.
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