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The New Paper Spike in COE prices the biggest in more than 10 years The sharp increase in COE prices at the latest tender yesterday was described as panic bidding and bloodbath by industry players. PHOTO: LIANHE ZAOBAO Prices soar in almost all categories, surprising many industry experts CHRISTOPHER TAN, TRANSPORT CORRESPONDENT An earthquake which is sending shock waves across the trade. That was how one motor industry player described the sharp increase in certificate of entitlement (COE) prices at the latest tender yesterday. COE prices for cars up to 1,600cc and 130bhp closed 8.9 per cent higher to hit a four-year high of $49,640. COE for cars above 1,600cc or 130bhp shot up by 17 per cent to finish at $61,190 - its highest since September 2015. ....
The New Paper COEs end mostly higher on expected quota cut New emission penalties starting in July for bigger, more pollutive cars appear to have prompted well-heeled consumers to rush to buy sooner. TNP FILE PHOTO New launches, emission penalties also help push car premiums to highest levels since 2017 CHRISTOPHER TAN, SENIOR TRANSPORT CORRESPONDENT Apr 08, 2021 06:00 am 0 Engagements Certificates of entitlement (COE) ended mostly higher at the latest tender yesterday, with bidding fuelled by a number of factors, including a foreseeable cut in the COE quota from next month. COE for cars up to 1,600cc and 130bhp closed at $45,600, 2.3 per cent higher than its price three weeks ago. COE for cars above 1,600cc or 130bhp climbed 11.3 per cent to breach the $50,000 mark and ended at $52,309. ....
COE prices close higher across the board tnp.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnp.sg Daily Mail and Mail on Sunday newspapers.