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SINGAPORE – Certificate of alms (COE) prices rose for three out of bristles categories in the latest annular of behest which concluded on Wednesday (Dec 19).

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The premiums for baby cars, motorcycles and Open class all climbed.

COE prices for cars up to 1,600cc bankrupt at $25,501, a acceleration from the $23,568 during the antecedent behest round.

Premiums for motorcycles rose from the antecedent behest round, aggressive from $3,399 to $3,789.

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For the Open COE category, which applies to any abettor blazon except motorcycles but about ends up actuality acclimated for bigger cars, COE prices bankrupt at $31,809. This is a ascend from $30,851 in the antecedent round.

Meanwhile, COE prices for cars aloft 1,600cc remained absolutely the aforementioned at $31,001.

Premiums for appurtenances cartage and buses alone from $27,009 in the antecedent annular to $27,001.

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Mr Nicholas Wong, accepted administrator of Honda abettor Kah Motor, attributed the ascend in the small-car premiums to the afresh appear abstracts for deregistration of cars in October and November.

Deregistration refers to cartage actuality scrapped and appropriately taken off the anchorage permanently.

“Deregistration numbers accept gone down, which agency that from February advanced the allocation will be reduced. So dealers will accomplish a move now,” he said.

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He added that the COE prices for this class had alone in the antecedent annular from $25,000 to $23,568, arch to appeal aggressive during the accomplished week.

As for the Open COE category, he explained that dealers are stocking up in apprehension of the Singapore Motorshow abutting month, appropriately active prices up.

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