COE prices mostly lower
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SINGAPORE: Certificate of Entitlement (COE) prices for vehicles ended mostly lower in the latest bidding exercise on Wednesday.
The biggest drop was in the commercial vehicles category, where the premium fell 4.5% or S$2,584 to S$54,522.
The COE price for big cars fell 2.58% or S$2,216 to S$83,000.
Open category COE, which can be used for any vehicle type but ends up mainly for big cars, retreated 1.15% or S$1,000 to close at S$85,889.
The COE premium for small cars, however, rose 1.73% or S$1,002 to S$59,003.
Meanwhile, the premium for motorcycles ended S$22 higher at S$1,912.
-CNA/cc -
the cost for "permission to use a car for 10 years" is still f**king insane
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The COE can get you a nice Mercs or Porsche in some countries.
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Wat to do ?
even in Hong Kong.... you can get a brand new Mercedes Benz E class at the current Cat B COE premium price.
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Originally posted by the Bear:
the cost for "permission to use a car for 10 years" is still f**king insane
Th MIW must have an expert in double speak.
Foreign Talent for migrant workers.
Purchasing approval to buy and use a new car for 10 years, is called Entitlement.
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is there really that many people buying new cars? or some party/company playing with the bidding system?
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Originally posted by InevItabIlIty:
is there really that many people buying new cars? or some party/company playing with the bidding system?
For motorcycles, its the dealers who set the fix the COE premiums. They want to sell their super bikes. 2K is a small cost for these bikes.
For the new entrant with 2B motorcycle licence, thats almost 50% of the bike price.
For cars, it may be the kia su rich man who drives the price up. He can bid as high as he want, but pay the bottom bid price. So he moves the band up.
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Remember, the number to beat is still 86K.
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COE for motorcycles almost 2k.
Want to buy bike also so stressful.
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Open Cat spoilt market
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Originally posted by vicamour:
Open Cat spoilt market
no.. MBT ruined Singapore