COE premiums for cars fall to lowest since 2010

COE premiums for cars fall to lowest since 2010

File photo of traffic in Singapore. (Photo: Jeremy Long)
SINGAPORE: Certificate of Entitlement (COE) premiums for larger cars fell to the lowest in more than eight years, down to S$33,900 in the latest bidding exercise on Wednesday (Jun 20) from S$36,000 previously.The previous low was recorded in Mar 10, 2010, when prices fell to S$26,389.
Premiums for other vehicles mostly closed lower.For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$34,110, down from S$36,426 in the last exercise.This was the lowest since Nov 3, 2010, when the premiums were S$34,001.Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$34,400 from S$37,000.
Motorcycle premiums closed at S$6,889, down from S$7,001 in the last exercise.COEs for commercial vehicles, which include goods vehicles and buses, rose to S$32,001 from S$29,902 in the previous bidding exercise.A total of 5,734 bids were received, with a quota of 4,178 COEs available.
Source: CNA/nc
Source : http://www.channelnewsasia.com/news/singapore/coe-premiums-for-cars-fall-to-lowest-since-2010-10451178