Singapore

COE prices mixed for October

This article is more than 12 months old

Certificate of Entitlement (COE) prices finished mixed in the second round of bidding for October.

The premium for the open category - available for any vehicle type except motorcycles - saw the biggest jump of 6.1 per cent from $49,000 to $52,000.

COE prices for commercial vehicles reached its highest value in more than two years, rising from $48,902 to $51,890.

"The increase in premiums for commercial vehicles is driven by anticipation of a significantly smaller supply for the November-to-January quota," said Mr Ron Lim, general manager of Nissan agent Tan Chong Motors.

The price for cars above 1,600cc or 130bhp inched up slightly, closing at $49,996, up from $48,109 two weeks ago.

The COE for cars up to 1,600cc and 130bhp went down slightly, from $41,761 to $41,617.

Mr Lim said there was not much change as buyers are anticipating the next tender in three weeks.

Motorcycle premiums dipped slightly from $5,010 to $4,903, a two-year low. - THE STRAITS TIMES

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