SINGAPORE - Prices for Certificates of Entitlement (COE) saw yet another surge in the latest bidding exercise that ended at 4pm today.
Small cars below 1,600cc saw the biggest hike of 8.7 per cent. Prices ended at $77,201, up from $71,001 previously.
Premiums for big cars jumped by about 7.7 per cent, from $85,801 in Oct to $92,400 in the current bidding.
COEs for commercial vehicles climbed up slightly to $59,111 from $57,889, while the increase for motorcyles was marginal.
In the Open category, which is usually used for cars and is transferable, premiums ended at $92,100, up 5.9 per cent from $87,000.
Nov 2012 - First bidding Category Nov 7 prices Oct 17 prices Cars (1,600CC below) $77,201 $71,001 Cars (above 1,600CC) $92,400 $85,801 Commercial vehicles $59,111 $57,889 Motorcycles $1,959 $1,920 Open category $92,100 $87,000 SOURCE
Record breaking COE prices once again. This is just the prelude. Coming January 2013 there will be another round of quota adjustment. Singapore, the most expensive country in the world to own a personal car.
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