COEs drop below $10000, all categories

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

Comments:

Post a Comment:

Comments are closed for this entry.

« Buffett: U.S. trade... | Main | Cloudy with a chance... »

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004