COE prices fall in latest round of bidding

Latest COE prices fell for the second consecutive tender.

COE prices fell for the second consecutive tender in the latest round of bidding on Wednesday.

COE for cars up to 1,600cc fell over S$4,000 from $76,889 two weeks ago. It is now $72,609.

Premiums for cars above 1,600cc also fell from  $87,910 to $84,578, a drop of over S$3,000.

Open COE prices, which can be used for any vehicle type fell to $89,001, from $92,289.