都是Uber/Grab的错。。。 COE prices rise as Uber grabs 14% of winning bidsFUELLED by aggressive bids from Uber, prices of certificates of entitlement (COEs) for cars ended higher yesterday, despite a prospect of a bigger quota two weeks from now.
COE premium for cars up to 1,600cc and 130bhp ended 2.8 per cent higher at $47,300.
That for cars above 1,600cc or 130bhp finished 5.5 per cent higher at $49,602.
The Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed 4.2 per cent higher at $49,501.
Checks by The Straits Times revealed that Uber-owned Lion City Rental submitted 630 bids in the three categories, and succeeded in obtaining 510 COEs.
In the previous tender, it secured 270 COEs from 810 bids submitted.
Uber's COEs yesterday constituted 14 per cent of total successful bids in the three categories - a disproportionately high percentage for a newcomer which entered the market barely four years ago.
Industry watchers said upward pressure on bids may also come from othe
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