COE prices end mixed in first April 2014 exercise

By Jeanette Tan | Yahoo Newsroom – 

Prices of Certificates of Entitlement (COEs) ended mixed in the latest bidding exercise Wednesday.
 
Despite promises of a larger supply of COEs to be made available from next month, the price for motorcycle COEs hit a new record high of $4,489, up from $4,289 from the previous exercise concluded in end-March.
 
Also, Category B COEs, which are for cars above 1,600cc or 130 bhp, surged by almost $2,000 to close at $84,504, as compared to $82,900 in the previous bidding round.
 
Meanwhile, open-category COEs, which can be used for any vehicle type, edged up slightly from $84,001 to $84,100.
 
Commercial vehicle COE prices fell to $49,503 from $53,891.
 
COEs for small cars, those below 1,600cc and 130bhp, saw prices close at $77,400, down from $78,602.

The surge in prices in the current exercise can be attributed to a longer bidding period this time round -- in months like March, that have five Mondays, car dealers have three weeks as compared to the usual two to collect orders from buyers before bidding for certificates.

https://sg.news.yahoo.com/coe-prices-end-mixed-in-first-april-2014-exercise-095944032.html