SINGAPORE -On Wednesday (April 7), the prices of entitlement certificates (COE) ended up largely higher, with supply cuts coming from a month ago.
The COE premium for cars up to 1.600 cc and 130bhp was 45.600 dollars higher than the previous three weeks, while for cars over 1,600 cc or 130bhp it went up sharply to 52.309 dollars and sharply to 47.001 dollars.
The cost of Open COE for any type of vehicle except for motorcycles, but mainly for larger cars, came to $52,200 – from $47,806.COE for commercial vehicles defied the trend, closing at $36,134, down from $39,589 previously. The premium for motorcycles finished at $8,000, up from $7,791.
The increased wealth factor resulting from bullish stock and property markets, according to car dealers, has led to increased demand for automobiles. New emissions penalties, which go into effect in July for larger, more polluting vehicles, are causing well-heeled customers to run out and buy.
Source: The Straits Times