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Gravity-defying COEs set two new records

Published on Nov 21, 2012 4:31 PM

Except for motorcycle premium, certificates of entitlement (COE) finished higher at Wednesday's tender, with two hitting new highs.

COE for cars up to 1,600cc ended at $77,291, slightly above the previous record of $77,201. COE for cars above 1,600cc closed at $93,004, up from $92,400 two weeks ago.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, ended at $93,990, up from $92,100.

Commercial vehicle premium rose from $59,111 to reach a new high of $60,235.

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