COE prices fall again in latest bidding exercise

Certificates of entitlement premiums ended lower across the board for the second consecutive tender on Wednesday.

COE for cars up to 1,600cc fell to $72,609, from $76,889 two weeks ago. COE for cars above 1,600cc slid from $87,910 to end at $84,578. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, fell to $89,001, from $92,289.

Commercial vehicle COE plunged to $55,503, from $68,002. Motorcycle premium finished at $1,710, down from $1,804.

With the latest results, premiums for smaller cars and commercial vehicles have fallen the most - chalking losses of more than $10,000 and $20,000 respectively.