COE prices close lower at mid-Feb bidding exercise

Potential buyers at the Nissan showroom in Ubi Road on May 10, 2014. Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Tuesday. -- PHOTO: ST FILE
Potential buyers at the Nissan showroom in Ubi Road on May 10, 2014. Certificates of entitlement (COE) premiums ended mostly lower in the latest tender on Tuesday. -- 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 $57,199, down from $62,002.

COE for cars above 1,600cc or 130bhp fell to $66,751, from $70,890 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also decreased. It closed at $67,901, down from $71,921.

Commercial vehicle COE rose from $52,101 to close at $53,202, while motorcycle premiums ended at $5,800, up from $5,504.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  57,199 62,002
B - Car (above 1600cc)  66,751 70,890 
C - Goods vehicle & bus  53,202 52,101 
D - Motorcycle  5,800 5,504
E - Open  67,901 71,921 

Source: Land Transport Authority

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