COEs continue to soften at latest tender

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http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_802127.html

Certificates of entitlement prices ended lower at the latest tender on Wednesday, continuing a slide that started two weeks ago, soon after the Government said it would manage the severe shortage of COEs.

COE for cars up to 1,600cc and taxis ended at $58,001, down from $62,600.

The premium for cars above 1,600cc fell to $85,216, from $92,050 two weeks ago.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, finished at $86,889 - down from $88,990.

COE for commercial vehicles closed at $57,106, down from $58,553; and motorcycle COEs slipped to $1,890, from $2,021.