WHAT is thought to be impossible in an open bidding system has happened: COE has crashed. At the close of the latest tender on Wednesday, COE premium for cars up to 1,600cc - the mainstay of car buyers - closed at an unprecedented $2. Motor traders were shocked. All said the market was soft, but no one expected the price to crash. The number of bids submitted exceeded the COE supply of 1,851 by only one. The other categories all ended much lower as well.
Wednesday 19 November 2008
of singapore coe crashes to $2
COE crashes to $2: Cheaper than a plate of chicken rice.
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