COEs rise all round in July's 2nd tender on eve of supply shrinkage; Open Cat at $57,501

Certificate of Entitlement (COE) prices finished higher in the second round of bidding in July on Wednesday (July 20).
Certificate of Entitlement (COE) prices finished higher in the second round of bidding in July on Wednesday (July 20).PHOTO: ST FILE

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