COE prices close higher at first March bidding exercise

People looking at a car in the Audi showroom at Alexandra Road. COE premiums ended mostly higher in the latest tender on Wednesday, March 4, 2015. -- PHOTO: ST FILE
People looking at a car in the Audi showroom at Alexandra Road. COE premiums ended mostly higher in the latest tender on Wednesday, March 4, 2015. -- PHOTO: ST FILE

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

COE for cars up to 1,600cc and 130bhp ended at $61,140, up from $57,199.

COE for cars above 1,600cc or 130bhp increased to $68,668, from $66,751 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also went up. It closed at $70,500, up from $67,901.

Commercial vehicle COE rose from $53,202 to close at $56,501, while motorcycle premiums ended at $5,501, down from $5,800.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  61,410 57,199
B - Car (above 1600cc)   68,668 66,751 
C - Goods vehicle & bus  56,501 53,202 
D - Motorcycle  5,501 5,800
E - Open  70,500 67,901 

Source: Land Transport Authority

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