COE prices close higher at second March bidding exercise

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

COE for cars up to 1,600cc and 130bhp ended at $64,700, up from $61,140.

COE for cars above 1,600cc or 130bhp increased to $71,889, from $68,668 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also went up. It closed at $72,100, up from $70,500.

Commercial vehicle COE rose from $56,501 to close at $59,999, while motorcycle premiums ended at $5,601, up from $5,501.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  64,700 61,410
B - Car (above 1600cc)   71,889 68,668 
C - Goods vehicle & bus  59,999 56,501 
D - Motorcycle  5,610 5,501
E - Open  72,100 70,500 

Source: Land Transport Authority

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