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Small car COEs surge to new high, breach $80,000 mark

Published on Dec 19, 2012 4:18 PM
 
Premiums for cars up to 1,600cc surged to a new high at the latest Certificate of Entitlement (COE) tender, breaching the $80,000 mark. --ST PHOTO: SEAH KWAN PENG

Premiums for cars up to 1,600cc surged to a new high at the latest Certificate of Entitlement (COE) tender, breaching the $80,000 mark.

The premium for small cars rose by 4.3 per cent to $81,889 in the last COE tender for this year.

Premiums in other categories ended mixed. The COE price for cars above 1,600cc rose by 3.7 per cent to $93,501, while the motorcycle premium increased by 5.5 per cent to $1,701.

Open COEs dipped slightly by 1 per cent to $95,990, while premiums for commercial vehicle COEs also fell by 1.3 per cent to $62,201.