COE prices close lower at first February bidding exercise

Performance Motors (BMW) at 303 Alexandra Road on Jan 17, 2015. Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Wednesday.  -- PHOTO: ST FILE
Performance Motors (BMW) at 303 Alexandra Road on Jan 17, 2015. Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Wednesday.  -- PHOTO: ST FILE

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

COE for cars up to 1,600cc and 130bhp ended at $62,002, down from $65,001.

COE for cars above 1,600cc or 130bhp fell to $70,890, from $76,889 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also decreased. It closed at $71,921, down from $76,790.

Commercial vehicle COE fell from $55,012 to close at $52,101, while motorcycle premiums ended at $5,504, up from $4,889.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  62,002 65,001
B - Car (above 1600cc)  70,890 76,889 
C - Goods vehicle & bus  52,101 55,012 
D - Motorcycle  5,504 4,889
E - Open  71,921 76,790 

Source: Land Transport Authority

<a href="http://www.straitstimes.com/"><img alt="COE 520px " src="http://www.straitstimes.com/%26amp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3B#47;/public.tableausoftware.com/static/images/CO/COEPricesfrom2002-2013- Dashboard/COE520px/1_rss.png" style="border: none" /></a>
 

Click here for a bigger chart.