Predictably, COE premiums saw a sharp rise across the board with all premiums under all categories ending above $80,000.
COE Quota For Next 6 Months Set At 20,825
COE prices fell across the board at the close of the latest bidding exercise on Wednesday. The biggest drop was seen in commercial vehicles - the premium went down by S$8,308, or nearly 11%, to end at S$68,002.
Change to take effect in February 2014, with existing criteria on engine capacity to remain.
But motor traders warn that premiums could remain high due to pent-up demand.