Contrary to expectations, COE prices in the first bidding exercise in October were higher in only three categories.
Car dealers had expected COE prices this round to rise sharply, after the Transport Ministry announced plans to cut the growth in Singapore's vehicle population.
But in the tender that ended on Wednesday, the COE price for big cars fell S$1,289 to S$63,600 while that for small cars, which include taxis, rose S$2,283 to S$50,289.
Meanwhile the COE price for the open category - where the COEs can be used for any vehicle type but are normally used for cars - increased S$2,556 to S$65,058.
For goods vehicles and buses, the COE prices rose S$2,712 to S$32,801.
Motorcycle COE prices, however, decreased S$31 to S$2,078.
Car dealers had expected COE prices this round to rise sharply, after the Transport Ministry announced plans to cut the growth in Singapore's vehicle population.
But in the tender that ended on Wednesday, the COE price for big cars fell S$1,289 to S$63,600 while that for small cars, which include taxis, rose S$2,283 to S$50,289.
Meanwhile the COE price for the open category - where the COEs can be used for any vehicle type but are normally used for cars - increased S$2,556 to S$65,058.
For goods vehicles and buses, the COE prices rose S$2,712 to S$32,801.
Motorcycle COE prices, however, decreased S$31 to S$2,078.
