Traffic along Clementi Road on Sept 19, 2012. Certificate of Entitlement prices all but ended higher at the latest tender on Wednesday, Sept 4, 2013, as uncertainty over impending changes to the system fuelled bidding. -- ST FILE PHOTO: CAROLINE CHIA
By Christopher Tan
Certificate of Entitlement (COE) prices all but ended higher at the latest tender on Wednesday, as uncertainty over impending changes to the system fuelled bidding.
COE for cars up to 1,600cc finished at $77,304 - up from $76,223 previously, and its highest level since car cooling measures kicked in in March.
It was also higher than COE for cars above 1,600cc, which ended at $77,100, up from $76,607 previously.
Open COE, which can be used for any vehicle type but ends up mainly for cars, hit $80,000, up from $79,223.
Commercial vehicle COE rose from $71,001 to close at $73,999, yet another record high as dealers rushed to clear old stock before a new emission standard comes into effect in January.
Motorcycle premium was the only exception. It finished at $1,660, down from $1,722 a fortnight ago.
The industry expects the Government to announce changes to the 23-year-old COE system soon, with new measures that might crimp sales of some models.
Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise: