SINGAPORE – Certificates of entitlement (COE) ended higher across the board at the latest tender on Wednesday on news of a smaller quota from next month.
COE for cars up to 1,600cc and 130bhp finished at $53,000, up from $52,301 a fortnight ago. COE for cars above 1,600cc or 130bhp closed at a seven-month high of $57,508, up from $56,089. Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $57,501, up from $56,002.
Commercial vehicle COE finished at $49,890 – a 12-month high – up from $47,889. Motorcycle premium closed at $6,302, up from $6,012.
The Land Transport Authority announced last week that there would be a 10.6 per cent shrinkage in the COE supply for the August-October quota period. This is said to have led to more desperate bidding.
Latest COE results:
|Category||Current COE premium ($)||Previous COE premium ($)|
|A - Car (1600cc & below)||53,000||52,301|
|B - Car (above 1600cc)||57,508||56,089|
|C - Goods vehicle & bus||49,890||47,889|
|D - Motorcycle||6,302||6,012|
|E - Open||57,501||56,002|
Source: Land Transport Authority