Car COE prices surge in latest bidding exercise

A customer lookiing at a BMW 316i at the Performance Motors showroom on Alexandra Road on 9 September 2013. Certificates of entitlement (COE) for cars all ended higher at the latest tender on Wednesday. -- PHOTO: ST FILE
A customer lookiing at a BMW 316i at the Performance Motors showroom on Alexandra Road on 9 September 2013. Certificates of entitlement (COE) for cars all ended higher at the latest tender on Wednesday. -- PHOTO: ST FILE

SINGAPORE - Certificates of entitlement (COE) for cars all ended higher at the latest tender on Wednesday.

COE for cars up to 1,600cc and 130bhp closed at $65,710, up from $64,600 two weeks ago. COE for cars above 1,600cc or 130bhp finished at $72,990, up from $68,689.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, closed at $72,810, up from $69,001.

Commercial vehicle COE ended at $52,390, down from $54,009. Motorcycle premium was flat at $4,354, from $4,353 last fortnight.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 65,710  64,600
B - Car (above 1600cc) 72,990  68,689
C - Goods vehicle & bus 52,390  54,009
D - Motorcycle 4,354  4,353
E - Open 72,810  69,001

Source: Land Transport Authority

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