Wednesday, Apr 23, 2014Wednesday, Apr 23, 2014
News
 
INTERACTIVE GRAPHIC

COEs stay firm despite recategorisation

Published on Feb 5, 2014 4:23 PM
PRINT EMAIL
 
Certificates of entitlement (COE) remained generally stable at the latest tender on Wednesday despite expectations that the reformatted Category A would dive. -- ST FILE PHOTO: SEAH KWANG PENG

Certificates of entitlement (COE) remained generally stable at the latest tender on Wednesday despite expectations that the reformatted Category A would dive.

COE for Cat A (cars up to 1,600cc and 130bhp) ended at $71,564 - a mere dip from last fortnight's $72,290, even though a power cap has moved several models out of the category.

In fact, it was Cat B (cars above 1,600cc and 130bhp) that took a bigger tumble, falling from $79,000 to close at $75,300. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, finished at $77,003, just shy of its previous close of $78,810.

Commercial vehicle premium crept up from $50,001 to end at $51,002. Motorcycle finished at $3,051, up from its previous 17-year high price of $2,704.

The results puzzled motor traders, many of whom were expecting Cat A to post a sizeable correction, and Cat B to soar with the recategorisation, which takes effect from this month.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  71,564  72,290
B - Car (above 1600cc)  75,300 79,000
C - Goods vehicle & bus  51,002 50,001
D - Motorcycle  3,051 2,704
E - Open  77,003 78,810


Source: Land Transport Authority

 

 

Click here for a bigger chart.