COEs end mixed as demand for new cars continues to be dampened

Singapore

CERTIFICATES of entitlement (COE) ended mixed in the latest tender on Wednesday , as demand for new cars continued to be dampened by plentiful supply of used cars.

COE for cars up to 1,600cc and 130bhp closed slightly higher at S$28,457, from S$28,000 two weeks ago. COE for cars above 1,600cc or 130bhp finished almost flat at S$31,301, from S$31,307 previously.