COE prices fall across the board
Posted: 22 October 2008 1748 hrs

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SINGAPORE: COE prices for vehicles fell sharply across the board in the latest bidding exercise.

The Certificate of Entitlement (COE) for big cars (over 1,600cc) saw the biggest fall. It tumbled S$6,811 to S$7,589, its lowest level since February 2007.

Open Category COEs, which are used mainly for cars, dived S$3,057 to S$12,001.

For small cars of 1,600cc and below, the COE price fell S$2,812 to S$10,989.

Meanwhile, the premium for commercial vehicles dropped S$4,396 to S$11,503.

For motorcycles, the new COE price is S$1,609 - down S$280 from the previous tender exercise.

- CNA/ir