COE prices fall in all categories but one
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SINGAPORE: Certificate of Entitlement (COE) premiums for vehicles ended lower for all categories except for the big cars on Wednesday.
The COE price for small cars dropped to S$56,551, down 0.8% or S$458 from the S$57,009 in the previous exercise.
That of big cars closed at S$79,304, up S$1,115 or 1.4% from S$78,189.
In the Open Category, COE was at S$76,881, down S$1,119 or 1.4% from S$78,000 previously.
For commercial vehicles and buses, otherwise known as Category C, the COE premium ended down S$1,995 or 3.8% to close at S$50,009.
Motorcycle COE dropped S$522 or 25.9% to S$1,490.
Market watchers Channel NewsAsia spoke to said that prices are starting to stabilise due to the record premiums seen in the previous rounds.
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This is called Market Retracement.....
Down abit (One step backwards, Two steps forwards).
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The piece of paper more expensive than the car itself.
Life is surreal.
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Originally posted by charlize:
The piece of paper more expensive than the car itself.
Life is surreal.
With some desperate bidding from Taxis Companies (to expand or replace older fleets).... will see COE going.....
Cat A Cat B Cat C
(including taxis) -
Originally posted by Just_do_it_lah:
With some desperate bidding from Taxis Companies (to expand or replace older fleets).... will see COE going.....
Cat A Cat B Cat C
(including taxis)No wonder taxi rentals need to increase.
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Taxi company just needs to sit back and shake legs while the TDs do all the work to pay for the rental.
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Originally posted by charlize:
Taxi company just needs to sit back and shake legs while the TDs do all the work to pay for the rental.
