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March 19, 2009
COE premiums up

COE prices ended mostly higher yesterday ahead of a supply squeeze starting next month.

Certificates of entitlement for cars up to 1,600cc ended 4.6 per cent higher at $5,116, while the premium for cars above 1,600cc fell by 2 per cent to $5,001.

The Open COE, which can be used for any vehicle type but ends up mainly for cars, was 4.9 per cent firmer at $5,982.

The premium for commercial vehicles posted the strongest gain - up 5.7 per cent to $5,600.

Motorcycle COEs settled at $912, 4.8 per cent lower than the rate posted at the previous tender two weeks ago.

Read the full story in The Straits Times today.

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