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Small car COE prices dive to 21-month low of $60,002

Published on May 7, 2014 4:00 PM
 
Certificates of entitlement (COEs) ended mostly lower in the latest tender on Wednesday, May 7, 2014. -- ST FILE PHOTO: LAU FOOK KONG

Premiums for Certificate of Entitlement (COE) took a dive across the board, with the price for Category A falling the most - by more than $10,000.

It went from $71,335 to $60,002 in the latest round of bidding, on the back of more COEs released by the Government for the next three months.

Category B premium also dipped from $75,010 to $70,000 while Open Category premium fell from $73,810 to $65,501.

Motorcycle COE also tumbled, from $4,502 to $4,001. The only category that bucked the trend was Category C, for goods vehicles and buses, which went up from $32,890 to $36,301.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  60,002 71,335
B - Car (above 1600cc)  70,002 75,010
C - Goods vehicle & bus  36,301 32,890
D - Motorcycle  4,001 4,502
E - Open  65,501 73,810

 

Click here for a bigger chart.

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