Small-car COE lowest in more than 8 years

Singapore

CERTIFICATE of entitlement (COE) premiums ended mostly lower in the latest tender on Dec 5 as demand remained lukewarm in the face of weak consumer sentiment.

COE prices for cars up to 1,600cc and 130bhp closed 5.7 per cent lower at S$23,568 - the lowest level since March 2010. The premium for COEs for cars above 1,600cc or 130bhp ended 0.3 per cent lower at S$31,001 from the previous tender. Open COEs, which can be used for any vehicle type except motorcycles, but are mostly used for bigger cars, closed 0.3 per cent lower at S$30,851.