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COE premiums rise across the board, largest increase for commercial vehicles

Published on Jul 23, 2014 4:19 PM
 
Certificate of entitlement (COE) prices ended higher across the board at the latest bidding exercise on Wednesday, July 23, 2014, with the commercial vehicle category registering the biggest increase. -- PHOTO: ST FILE

Certificate of entitlement (COE) prices ended higher across the board at the latest bidding exercise on Wednesday.

The premiums for Category A cars up to 1,600cc and 130bhp rose slightly by 1.45 per cent to $62,890.

Premiums for larger cars above 1,600cc or 130bhp inched up by 0.2 per cent to $65,001, while Open category COEs climbed by 3.2 per cent to $65,002.

Motorcycle premiums rose by 6.3 per cent to $4,252, while commercial vehicle COEs registered the largest jump - a 19.9 per cent rise to $52,010.

With the monthly COE supply for commercial vehicles set to shrink by 33 per cent from next month, observers had tipped commercial vehicle premiums to rise.

The three-month quota from next month to October will also see more COEs for cars overall, though there will be fewer COEs up for grabs in the Open category.

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  62,890 61,990
B - Car (above 1600cc)  65,001 64,889
C - Goods vehicle & bus  52,010 43,390
D - Motorcycle  4,252 4,001
E - Open  65,002 63,001


Source: Land Transport Authority

 

 

 

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