COE prices for Open category up in September's first bidding exercise

Certificate of Entitlement (COE) prices for the open category surged ahead for September's first bidding exercise which ended on Wednesday. -- PHOTO: ST FILE
Certificate of Entitlement (COE) prices for the open category surged ahead for September's first bidding exercise which ended on Wednesday. -- PHOTO: ST FILE

SINGAPORE - Certificate of Entitlement (COE) prices for the open category surged ahead for September's first bidding exercise which ended on Wednesday.

COEs in the Open category, which is for any vehicle type but is typically used for big cars, finished at $74,403, a 2.2 per cent increase from the previous tender. While at a four-month high, it is short of the year's record price of $84,100 registered in April.

Premiums for big cars, which are above 1,600cc and 130bhp, increased $20 to $73,010.

Premiums for the small car and goods vehicle categories finished lower.

COEs for cars up to 1,600cc and 130bhp dipped 1.3 per cent to end off at $64,841, while those for goods vehicles and buses fell 4.8 per cent to $49,901.

COEs for motorcycles increased 2.3 per cent to $4,453.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 64,841  65,710
B - Car (above 1600cc) 73,010 72,990 
C - Goods vehicle & bus 49,901  52,390 
D - Motorcycle 4,453 4,354 
E - Open 74,403  72,810 

Source: Land Transport Authority

 

 

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