Thursday January 19, 2006

COEs drop below $10000, all categories

channelnewsasia.com :

Certificate Of Entitlement prices for all car categories have fallen below the S$10,000 mark for the first time. COE prices for small cars saw the biggest drop in the second open bidding exercise, falling S$2,593 to S$8,009. It is also the lowest compared to the other car categories. The COE for big cars is now S$9,603, down S$1,999, while in the COE for the Open Category fell S$1,900 to S$9,801.

Gerard Ee, the president of the Automobile Association of Singapore says the COE price dip is a big surprise. Mr Ee said he had expected prices to go up to between S$15,000 and S$20,000.

(2006-01-19 13:30:06 SGT) [Biz] Permalink

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