SINGAPORE - Certificates of entitlement (COE) ended sharply higher for cars at the latest tender on Wednesday (June 8).
COE for cars up to 1,600cc and 130bhp finished at $53,694, up from $47,020 last month. COE for cars above 1,600cc or 130bhp closed at $56,000, up from $49,156.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed at $55,100, up from $49,700.
The spike was not unexpected. Since the Monetary Authority of Singapore's eased car loan restrictions two weeks ago, the market has been bracing itself for a flood of new orders. The latest COE results bear this out.
Meanwhile, commercial vehicle COE ended at $46,434, up from $43,002. Motorcycle premium finished $1 lower at $6,302.
Latest COE results:
| Category | Current COE premium ($) | Previous COE premium ($) |
| A - Car (1600cc & below) | 53,694 | 47,020 |
| B - Car (above 1600cc) | 56,000 | 49,156 |
| C - Goods vehicle & bus | 46,434 | 43,002 |
| D - Motorcycle | 6,302 | 6,303 |
| E - Open | 55,100 | 49,700 |
Source: Land Transport Authority
