Singapore big-car COEs sink 30 pct to 13-year low

Newswire

SINGAPORE, Dec 21 (Reuters) - Singapore's certificate prices for large cars fell more than 30 percent to S$9,001 ($5,390), the lowest price in about 13 years, government figures showed on Wednesday. The price is the lowest since 1992 when the price for the Certificates of Entitlements (COE) required by the Singapore government sank to S$1,500. A COE allows a car on the road for 10 years, after which the car must be scrapped or a new certificate purchased. The government auctions a ...

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