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Old 23-Oct-2013, 06:07 PM   #1
livestar
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Default COE prices down sharply in latest bidding exercise

COE premiums fell across the board at the close of the latest bidding exercise on Wednesday. The biggest drop was seen in commercial vehicles -- the premium went down by S$8,308, or nearly 11%, to end at S$68,002.

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SINGAPORE: Certificate of Entitlement (COE) premiums fell across the board on Wednesday to close sharply lower in the second bidding exercise in October.

The biggest drop was seen in commercial vehicles. The premium went down by S$8,308, or nearly 11 per cent, to end at S$68,002.

The next biggest drop was in small cars premium, which dropped by S$8,111 or some 9.5 per cent to S$76,889.

Meanwhile, big cars COE fell by S$5,590, or nearly 6 per cent, to S$87,910.

Motorcycles COE saw a decline of S$157, or 8 per cent, to S$1,804.

In the open category, the COE was S$92,289, down S$1,600, or 1.7 per cent.

The results came days after Transport Minister Lui Tuck Yew said in Parliament that the government has no plans to roll out extra cooling measures for COE prices for now.

He made the comment in response to questions by Nominated Member of Parliament R Dhinakaran.
- CNA
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Old 24-Oct-2013, 05:47 AM   #2
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Does it mean it will continue down trend?
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Old 24-Oct-2013, 09:20 AM   #3
PSYcho
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Originally Posted by livestar View Post
COE premiums fell across the board at the close of the latest bidding exercise on Wednesday. The biggest drop was seen in commercial vehicles -- the premium went down by S$8,308, or nearly 11%, to end at S$68,002.



- CNA
Only dropped significantly for commercial vehicles.
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