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