SINGAPORE: The COE price for small cars, 1,600cc and below, fell by S$10,453 to a historic low of S$2 in the latest bidding exercise.
The next biggest fall was seen in the Open Category COE, which dropped S$3,601 to S$6,889. Open Category COEs are used mainly for cars.
For big cars (more than 1,600cc), the COE went down S$3,412 to S$4,889.
Meanwhile, the premium for commercial vehicles fell S$2,700 to S$6,189.
For motorcycles, the new COE price stood at S$1,012 — down S$497 from the previous bidding exercise.
The last time the COE price plunged in the small car category was in 2001 when it went down to S$101. And the COE price for big cars was a fluke S$50 in 1997.