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