SINGAPORE: Certificate of Entitlement (COE) prices for vehicles ended mixed at the end of the latest bidding exercise on Wednesday.
The biggest rise in COE prices was in the big car category, which rose S$2,400 to S$85,400.
The COE price for the small car category rose marginally, going up S$1 to S$59,004.
In the Open Category, which is used mainly for big cars, fell S$1,500 to S$84,389.
The
COE prices for both commercial vehicles and motorcycles also fell. The
premium for commercial vehicles went down S$20 to S$54,502 while the
premium for motorcycles fell S$200 to S$1,712.
General manager of
Tan Cheong Motors, Ron Lim, said he expected COE results to stay flat
as there was no strong reason to believe premiums will go up or down at
this time.
He said many potential buyers are also adopting a "wait and see" attitude.
-CNA/ac