COE prices fall across board with bigger quota; COEs for Cat B less than for trucks

Certificate of Entitlement (COE) prices closed lower in the third round of bidding in 2016, on Wednesday (Feb 3).
Certificate of Entitlement (COE) prices closed lower in the third round of bidding in 2016, on Wednesday (Feb 3).PHOTO: ST FILE

SINGAPORE - COE for cars up to 1,600cc and 130bhp closed at $46,651 in the latest tender on Wednesday (Feb 3), down from $51,301 two weeks ago.

COE for cars above 1,600cc or 130bhp finished at a six-year low of $38,610, down from $50,089 last fortnight.

Open COE, which can be used for any vehicle type but ends up almost exclusively for bigger cars, tumbled by nearly as much to end at $44,001, down from $51,000 previously.

Commercial vehicle COE dipped from $46,502 to end at $45,036 – making this COE for vans and trucks significantly costlier than the certificate for Mercedes-Benz S-class and BMW 7-series limousines.

Motorcycle premium slid from $6,512 to $6,503.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 46,651 51,301
B - Car (above 1600cc)  38,610 50,089
C - Goods vehicle & bus 45,306 46,502
D - Motorcycle 6,503 6,512
E - Open 44,001 51,000

Source: Land Transport Authority