Car COEs end lower across the board at latest tender

Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Wednesday. -- PHOTO: ST FILE
Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Wednesday. -- PHOTO: ST FILE

SINGAPORE - Certificates of entitlement (COE) prices for cars ended lower across the board in the latest tender on Wednesday.

COE for cars up to 1,600cc and 130bhp closed at $66,590, down from $68,589. COE for cars above 1,600cc or 130bhp finished at $75,002, down from $77,600. Both are now at their lowest level in two months.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, closed at $78,001, down from $78,004.

Motorcycle premium also ended lower, slipping from $6,512 two weeks ago to settle at $6,501.

Commercial vehicle COE was the only exception. It closed at $52,001, up from $50,098 previously.

Motor traders expect car premiums to trend downwards for the rest of the year, even if there are minor corrections along the way.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  66,590 68,589
B - Car (above 1600cc)   75,002 77,600 
C - Goods vehicle & bus  52,001 50,098 
D - Motorcycle  6,501 6,512
E - Open  78,001 78,004
 

Source: Land Transport Authority