SINGAPORE - Certificate of entitlement (COE) prices finished mixed on Thursday (May 5), at the first tender of an expanded quota.
COE for cars up to 1,600cc and 130bhp ended at $47,889, up from $47,300 two weeks ago. COE for cars above 1,600cc or 130bhp closed at $51,010, up from $49,602.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, was slightly lower at $49,000 - down from $49,501 previously.
Commercial vehicle COE closed at $42,302, down from $43,002. Motorcycle premium also ended lower at $6,302, down from $6,501.
Motor traders said strong buying interest whipped up by the annual Cars @ Expo bazaar, as well as competition from private-hire providers such as Uber have fuelled bidding.
Latest COE results:
| Category | Current COE premium ($) | Previous COE premium ($) |
| A - Car (1600cc & below) | 47,889 | 47,300 |
| B - Car (above 1600cc) | 51,010 | 49,602 |
| C - Goods vehicle & bus | 42,302 | 43,002 |
| D - Motorcycle | 6,302 | 6,501 |
| E - Open | 49,000 | 49,501 |
Source: Land Transport Authority
