Car and truck COEs end lower

Certificates of entitlement ended mostly lower in the latest tender on Dec 17, 2014, with the exception of motorcycle premiums. -- PHOTO: ST FILE
Certificates of entitlement ended mostly lower in the latest tender on Dec 17, 2014, with the exception of motorcycle premiums. -- PHOTO: ST FILE

SINGAPORE - Certificates of entitlement (COE) ended mostly lower in the latest tender on Wednesday, with the exception of motorcycle premiums.

COE for cars up to 1,600cc and 130bhp fell from $67,089 two weeks ago to close at $65,889. COE for cars above 1,600cc or 130bhp dipped from $74,389 to $74,000.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, posted a substantial fall. It slid from $76,904 to finish at $73,990.

Commercial vehicle COE however, took the biggest tumble, falling from $60,001 to hit a three-month low of $52,100.

Motorcycle premium crept up from $4,210 last fortnight to close at $4,312.

Industry observers said the softer premiums may be a reflection of a bleaker economic outlook for the year ahead as oil prices continue to tumble.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  65,889 67,089
B - Car (above 1600cc)  74,000 74,389  
C - Goods vehicle & bus  52,100 60,001 
D - Motorcycle  4,312 4,210
E - Open  73,990 76,904 

Source: Land Transport Authority

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