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COE prices end higher for most except commercial vehicles

Published on Dec 18, 2013 4:05 PM
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Certificate of entitlement prices ended mostly higer across the board at the latest tender on Wednesday, Dec 18, 2013. -- ST FILE PHOTO: CAROLINE CHIA

Certificate of entitlement (COE) prices ended mostly higher on Wednesday at the latest tender - the last for this year - as people rush to close car deals ahead of next February's COE re-categorisation.

The COE premium for cars up to 1,600cc rose 1.2 per cent to close at $74,002. The premium for bigger cars - those above 1,600cc - also rose by 3.6 per cent to finish at $75,700. The price for the Open category COEs, which can be used for any vehicle type but ends up mainly for bigger cars, rose by 0.8 per cent to $77,501. Motorcycle premiums also ended 4.1 per cent higher at $1,782.

Only commercial vehicle bucked the trend and ended 6.1 per cent down at $48,001 - dropping for the fifth consecutive round.

The fall comes ahead of dealers who have cleared their stock that do not meet the new Euro 5 diesel emission standard that kicks in on Jan 1.

Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  74,002 73,160
B - Car (above 1600cc)  75,700 73,010
C - Goods vehicle & bus  48,001 51,112
D - Motorcycle  1,812 1,782
E - Open  77,501 76,901


Source: Land Transport Authority

 

 

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