The COE for small cars finished at $86,000, up from $80,000 at the previous tender. Read more at straitstimes.com.
SINGAPORE - The prices of certificates of entitlement rebounded in the latest tender on Wednesday, in line with market expectations of more sales as the Singapore Motorshow last weekend whipped up demand for cars.
The COE premium for cars up to 1,600cc and 130bhp, as well as electric vehicles with up to 110kW of power, finished at $86,000, up from $80,000 at the last tender of 2022.However, the price for Open COE, which can be used for any vehicle type except motorcycles but ends up almost exclusively for bigger cars, dipped slightly to settle at $107,000, down from $107,889.
Industry watchers reckon this is a sign of lower confidence for upcoming tenders, with underlying demand set to dip further. The premium for commercial vehicle COE - used for vans, trucks and lorries - also eased slightly, ending at $77,109, down from $77,301.The Land Transport Authority is set to release the quota for the next three-month period starting in February.
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COE prices rebound for Category A and B cars, motorcycles in latest exerciseSINGAPORE: Certificate of Entitlement (COE) premiums largely rebounded on Wednesday (Jan 18) in the second bidding exercise of the year. For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$86,000, up from S$80,000
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Man said to be a Singaporean student among duo charged in Johor with offering cop RM90,000 bribeLaw Wen Xiang, 32, and Donavan Sia Qi Xun, 27, pleaded not guilty after the charges were read to them in court. Read more at straitstimes.com.
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High demand for car rentals during Chinese New Year despite price hikes90% of GetGo's car sharing fleet, which includes hybrid and electric vehicles, has been booked from Jan 21 to 24. Read more at straitstimes.com.
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