COE premiums mostly down at latest tender, except for motorcycles

Certificate of entitlement (COE) premiums fell across the board at the latest bidding exercise on Wednesday, except in the Motorcycle category. -- ST FILE PHOTO: NURIA LING
Certificate of entitlement (COE) premiums fell across the board at the latest bidding exercise on Wednesday, except in the Motorcycle category. -- ST FILE PHOTO: NURIA LING

Certificate of entitlement (COE) premiums fell across the board at the latest bidding exercise on Wednesday, except in the Motorcycle category.

The largest drop came in the commercial vehicle category, where premiums plunged 33.5 per cent to $32,890.

Premiums for cars up to 1,600cc and 130bhp slid by 7.8 per cent to $71,335, while premiums for larger cars above 1,600cc or 130bhp decreased 11.2 per cent to $75,010.

The open category COE, which can be used for any vehicle but ends up mainly for cars, also fell by 12.2 per cent to $73,810.

Motorcycle COEs continued to head north to a new record of $4,502 - 0.3 per cent higher than previous tender this month.

This is the last tender before the supply of COEs increases by about a third in the next three-month quota period from next month till July.

The increase is due to more vehicles being deregistered from January to March. COE supply is largely determined by the number of vehicles scrapped in the previous months.

 

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