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COE prices fall across all categories

Certificate of Entitlement (COE) prices fell for all categories in the second bidding exercise for Dec 2011.

The biggest fall was in the open category where premiums fell from $74,340 in the previous bidding exercise to $71,000. It declined by $3,340 or 4.5 per cent.

For taxis and cars that are 1,600cc and below, the premium in this round of bidding is $50,001. The premium fell by $2,391 from $52,392 or 4.5 per cent.

Premiums for big cars above 1,600cc also dipped from $72,350 to $70,003. The difference is $2,347 or about 3.24 per cent.

In the motorcycle category, premiums fell from $1,902 to $1,481. The premiums fell by $421 or 22 per cent.