Channel NewsAsia

COE prices for vehicles fell sharply across the board in the latest bidding exercise.

The Certificate of Entitlement (COE) for big cars (over 1,600cc) saw the biggest fall. It tumbled S$6,811 to S$7,589, its lowest level since February 2007.

Open Category COEs, which are used mainly for cars, dived S$3,057 to S$12,001.

For small cars of 1,600cc and below, the COE price fell S$2,812 to S$10,989.

Meanwhile, the premium for commercial vehicles dropped S$4,396 to S$11,503.

For motorcycles, the new COE price is S$1,609 - down S$280 from the previous tender exercise.

http://www.channelnewsasia.com/stories/singaporelocalnews/view/384574/1/.html