Cut in COE by 9.6%, Price of COE went up

LTA (Land Transport Authority) cut the overall supply of COE by 9.6% to 8730 COE per month.

LTA said it was to reduce the number of COE for 'small cars, goods vehicles, buses and motorcycles' as they were fewer of these vehicle been scrapped than estimated.

COE prices ended higher yesterday as the previous tender's price slump sent buyers flocking to showrooms.