COEs finish mostly higher in second round of bidding in July 2017

Vehicles on AYE near Clementi Sports Hall.
Vehicles on AYE near Clementi Sports Hall.PHOTO: ST FILE
SINGAPORE - Certificates of entitlement (COE) for cars and commercial vehicles ended higher at the latest tender Wednesday (July 19), while the premium for motorcycles tumbled.
 
COE for cars up to 1,600cc and 130bhp ended 2.8 per cent higher at $44,002.
 
COE for cars above 1,600cc or 130bhp finished 0.4 per cent higher at $50,001.
 
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, also crept up by 0.4 per cent to close at $50,101. All three categories have been sliding almost continually since April.
 
Commercial vehicle COE rose by 6.5 per cent to end at a three-month high of $42,809.
 
Motorcycle premium fell by 2.5 per cent to close at $5,851.
 
Industry players said price adjustments following sustained COE fall had drawn buyers back to showrooms, leading to increased demand.  
 

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 44,002 42,801
B - Car (above 1600cc)  50,001 49,802
C - Goods vehicle & bus 42,809 40,212
D - Motorcycle 5,851  6,001
E - Open 50,101 49,899

Source: Land Transport Authority