Absolutely crazy news this afternoon.

Latest COE prices released after tender closed last Wednesday, creates a new record.

COE prices for 1,600cc cars and above is at $72,001 (15.2% increase from last round of $62,502).

Open category COE prices hit a high of $76,102 or (17.3% increase).

The only good news coming out from this COE round is that prices for cars below 1,600cc has dropped by 3.1%, from $47,604 to $46,129.

For those looking to purchase new cars soon, perhaps its better to wait it out.

Straits Times

This entry was posted on Wednesday, December 22nd, 2010 at 5:22 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.