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Three out of five COE prices rise amid bullish results

Published on Apr 9, 2014 4:24 PM
 
Three out of five Certificate of Entitlement (COE) categories ended higher on Wednesday, April 9, 2014, despite the prospect of a bigger supply of certificates from next month. -- ST FILE PHOTO: MARK CHEONG

Three out of five Certificate of Entitlement (COE) categories ended higher on Wednesday, despite the prospect of a bigger supply of certificates from next month.

Category A - for cars up to 1,600cc and 130bhp - finished at $77,400, down from the previous tender's $78,602 three weeks ago. Category B - for cars above 1,600cc or 130bhp - closed at $84,504, up from $82,900.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also inched up from $84,001 to end at $84,100.

The premium for commercial vehicles fell from $53,891 to close at $49,503. Motorcycle COE rose from $4,289 to reach yet another record high of $4,489.

Motor traders were surprised by the generally bullish results, given that COE supply is set to expand from next month. But some said the three-week gap between this tender and the last one may have resulted in more orders being taken than in the usual two-week break.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  77,400 78,602
B - Car (above 1600cc)  84,504 82,900
C - Goods vehicle & bus  49,503 53,891
D - Motorcycle  4,489 4,289
E - Open  84,100 84,001


Source: Land Transport Authority

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