SINGAPORE: Certificate of Entitlement (COE) premiums fell across the board on Wednesday to close sharply lower in the second bidding exercise in October.
The biggest drop was seen in commercial vehicles. The premium went down by S$8,308, or nearly 11 per cent, to end at S$68,002.
The next biggest drop was in small cars' premium, which dropped by S$8,111 or some 9.5 per cent to S$76,889.
Meanwhile, big cars' COE fell by S$5,590, or nearly 6 per cent, to S$87,910.
Motorcycles' COE saw a decline of S$157, or 8 per cent, to S$1,804.
In the open category, the COE was S$92,289, down S$1,600, or 1.7 per cent.
The results came days after Transport Minister Lui Tuck Yew said in Parliament that the government has no plans to roll out extra cooling measures for COE prices for now.
He made the comment in response to questions by Nominated Member of Parliament R Dhinakaran.
Article by CNA/de
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