Traffic along Bukit Timah Road, off Fourth Avenue.
COE (certificate of entitlement) prices ended mixed in the latest tender on Wednesday (Oct 3), as demand for new cars continue to be dampened by a plentiful supply of used cars.
COE prices for cars up to 1600cc and 130bhp closed slightly higher at $28,457, from $28,000 two weeks ago.
COE prices for cars above 1600cc or 130bhp finished almost flat at $31,301, from $31,307 previously.
Premiums for Open COE, which can be used for any vehicle type except motorcycles but ends up mostly for cars, closed slightly higher at $32,552, from $32,000.
Commercial vehicle COE prices finished higher at $28,501, up from $27,104. Motorcycle premiums closed lower at $4109, from $4214 previously.
Motor traders do not expect a significant price deviation for the rest of the year.
