COE drops to Historic Low

For the first time ever, Certificate of Entitlement (COE) price for small cars 1,600cc and below fell by S$10,453 to a historic low of S$2.

The COE) for big cars (1,600cc and above) saw the next biggest fall to S$4,889.

Open Category COEs fell S$3,601 to S$6,889.

COE for commercial vehicles fell S$2,700 to S$6,189.

For motorcycles, the new COE price is S$1,012, a drop of $497.

A sign of recession perhaps?

Credits: Jarvis