COEs mostly cheaper, with Cat A, B and E prices converging
Prices for certificates of entitlement (COE) closed slightly lower yesterday compared with the previous bidding exercise last month.
An exception was for Category D premiums for motorcycles, which increased by just $1 to $4,310 from $4,309 the previous round.
COE prices for cars appear to have converged since the last round, and look to continue with the trend.
Category A, for smaller cars, closed at $32,699, from $32,999.
Category B, for bigger cars above 1,600cc, closed at $32,801, from $32,889.
Category E, which can be used for any vehicle except motorcycles, closed at $32,500, from $33,301.
The prices for Category A, B and E premiums are now hovering between $32,500 and $33,000. At the start of the year they were at $35,320, $37,109 and $38,000 respectively.
Category C, for goods vehicles and buses, ended at $24,202, down from $25,001.- DAVID SUN