Motorbike COE hits new record as premiums end mostly higher

SINGAPORE - Certificates of entitlement ended mostly higher in the latest tender on Wednesday despite substantially more COEs becoming available from next month.

COE for cars up to 1,600cc and 130bhp was one exception, ending slightly lower at $67,601 - down from $67,749 two weeks ago.

COE for cars above 1,600cc or 130bhp shot up from $76,612 to close at a 12-month high of $78,001. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also rose to hit a 12-month high of $79,500, up from $78,000.

Commercial vehicle COE finished lower at $53,001, down sharply from $64,001. Motorbike premiums continued the record-breaking streak to hit another high of $6,801 - up from $6,312.

Motor traders said premiums will trend downwards once the sizeable backlog of bookings clear.

The May-to-July quota will yield 40 per cent more certificates than the current quota.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  67,601 67,749
B - Car (above 1600cc)   78,001 76,612
C - Goods vehicle & bus  53,001 64,001 
D - Motorcycle  6,801 6,312
E - Open  79,500 78,000
 

Source: Land Transport Authority

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