Certificates of entitlement premiums ended lower across the board for the second consecutive tender on Wednesday.
COE for cars up to 1,600cc fell to $72,609, from $76,889 two weeks ago. COE for cars above 1,600cc slid from $87,910 to end at $84,578. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, fell to $89,001, from $92,289.
Commercial vehicle COE plunged to $55,503, from $68,002. Motorcycle premium finished at $1,710, down from $1,804.
With the latest results, premiums for smaller cars and commercial vehicles have fallen the most - chalking losses of more than $10,000 and $20,000 respectively.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:
Category | Current COE premium ($) | Previous COE premium ($) |
A - Car (1600cc & below) | 72,609 | 76,889 |
B - Car (above 1600cc) | 84,578 | 87,910 |
C - Goods vehicle & bus | 55,503 | 68,002 |
D - Motorcycle | 1,710 | 1,804 |
E - Open | 89,001 | 92,289 |
Source: Land Transport Authority
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