COE prices close higher at first January bidding exercise

SINGAPORE - Certificates of entitlement (COE) premiums ended higher across the board in the latest tender on Wednesday.

COE for cars up to 1,600cc and 130bhp ended at $66,010, up from $65,889.

COE for cars above 1,600cc or 130bhp rose to $75,289, from $74,000 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also increased. It closed at $75,200, up from $73,990.

Commercial vehicle COE rose from $52,100 to close at $55,011, while motorcycle premiums ended at $4,403, up from $4,312.

Here are the latest Certificate Of Entitlement results from Wednesday's bidding exercise:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  66,010 65,889
B - Car (above 1600cc)  75,289 74,000  
C - Goods vehicle & bus  55,011 52,100 
D - Motorcycle  4,403 4,312
E - Open  75,200 73,990 

Source: Land Transport Authority

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