COE news: up up and away
COE prices rose across the board after the first tender for March that ended today.
OneShift Editorial Team
10 Mar 2010
The biggest increases were in Cat B and the Open cat. The latter ended up at $27,590 - the highest since mid decade. Cat B prices shot up to $26,389 after closing at $23,889 in the last round.
Thankfully, COEs for smaller car rose just marginally to end up at $20,802, up just a couple of hundred dollars from previously. Industry sources attributed the rise in prices to the expected cut in COE quota in the coming months.
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