COEs end mixed in latest tender, with future bidding expected to remain subdued

COE prices finished mixed in the first round of bidding in April on Wednesday (April 6).
COE prices finished mixed in the first round of bidding in April on Wednesday (April 6).ST PHOTO: JAMIE KOH

SINGAPORE - Certificate of Entitlement (COE) prices ended mixed in the first round of bidding in April on Wednesday (April 6).

COE for cars up to 1,600cc and 130bhp closed at $46,009, up from $45,504 previously.

COE for cars above 1,600cc or 130bhp finished at $47,000, up from $46,502. 

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed at $47,510, up from $46,667. 

Commercial vehicle COE slipped from $46,502 to end at a three-month low of $44,213. Motorcycle premium dipped to $6,503, down from $6,589 previously. 

Motor traders said buying sentiment remains weak, especially for high-end cars. Bidding is expected to stay subdued in the next tender two weeks from now, as more COEs are expected in the next quota period starting next month. 

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 46,009 45,504
B - Car (above 1600cc)  47,000 46,502
C - Goods vehicle & bus 44,213 46,502
D - Motorcycle 6,503 6,589 
E - Open 47,510 46,667

Source: Land Transport Authority