COE premiums dive across the board just before Christmas
Certificate of entitlement (COE) prices ended lower across the board at the last tender of 2023.
COE for smaller, less powerful cars finished at $85,000, down from $88,020, while the premium for bigger, more powerful models ended at $110,001, down from $130,100.
Open COE closed at $118,388, down from $133,388. This category of COE can be used for any vehicle type except motorcycles, but ends up almost exclusively for bigger, more powerful cars,
Commercial vehicle COE fell from $71,001 two weeks ago to close at $69,423, while the motorcycle premium slid to $9,002 - from $9,858.
While COE prices have fallen appreciably since their highs in October – when prices rose to as high as $158,004 – they are still at among their highest levels since the quota system was introduced in 1990.
Industry watchers expect car COEs to rebound when the Singapore Motorshow kicks off in the second week of January 2024.
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