COE prices end mostly lower except for small cars

Singapore

CERTIFICATE of entitlement (COE) prices ended mostly lower in the latest tender on Thursday, as a plunge in premiums in the previous exercise sent buyers of smaller cars back to showrooms.

The COE premium for cars up to 1,600cc and 130bhp closed at $30,009, up from last fortnight's $27,000 but still lower than in recent exercises, in which prices shot past $36,000. It was the only COE category which ended higher.