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CERTIFICATES of entitlement prices fell across the board again as car buyers stayed away from showrooms, unmoved by price reductions after the previous tender two weeks ago.
COE for cars up to 1,600cc ended at $26,102 at the latest tender on May 5, down from $30,000 a fortnight ago. Premium for cars above 1,600cc closed at $38,000, down from $40,001.
The Open COE, which can be used for any vehicle type but ends up mainly for cars, finished at $39,002, down from $43,003.
Commercial vehicle COE closed at $32,501, down from $35,556. Motorbike premium dipped from $1,253 to $1,252.
Wednesday's decline was the second consecutive fall since premiums peaked a month ago, when a sharp cut in COE supply triggered frenzied bidding.
Premiums are now back to about where they were in March, but are still among the highest in recent memory. Motor traders reckon buyers may start streaming back after vehicle prices are cut once more later on Wednesday.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_522867.html
COE for cars up to 1,600cc ended at $26,102 at the latest tender on May 5, down from $30,000 a fortnight ago. Premium for cars above 1,600cc closed at $38,000, down from $40,001.
The Open COE, which can be used for any vehicle type but ends up mainly for cars, finished at $39,002, down from $43,003.
Commercial vehicle COE closed at $32,501, down from $35,556. Motorbike premium dipped from $1,253 to $1,252.
Wednesday's decline was the second consecutive fall since premiums peaked a month ago, when a sharp cut in COE supply triggered frenzied bidding.
Premiums are now back to about where they were in March, but are still among the highest in recent memory. Motor traders reckon buyers may start streaming back after vehicle prices are cut once more later on Wednesday.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_522867.html
