COE prices mostly lower in latest bidding exercise

Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday, with three out of five categories lower than what they were two weeks ago. -- PHOTO: ST FILE
Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday, with three out of five categories lower than what they were two weeks ago. -- PHOTO: ST FILE

SINGAPORE - Certificate of entitlement (COE) prices ended mixed in the latest tender on Wednesday, with three out of five categories lower than what they were two weeks ago.

COE for cars up to 1,600cc and 130bhp finished at $62,000, down from $64,841. COE for cars above 1,600cc or 130bhp closed at $71,990, down from $73,010. Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, was slightly higher at $74,801 - from $74,403 previously.

Commercial vehicle COE was marginally lower at $49,889 - down from $49,901. Motorcycle premium, which stayed at stagnant at $1 right up to the final minutes before tender closed at 4pm, finished at $4,504, up from $4,453.

Motor industry watchers said the market is still expecting premium for bigger cars to be resilient in the coming tenders. That is why Open COE rose when the other two car categories fell. Open COEs are transferable but are valid for three instead of six months. Motor traders buy and sell Open certificates, and there is a speculative element in their rates.

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

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 62,000  64,841
B - Car (above 1600cc) 71,990  73,010 
C - Goods vehicle & bus 49,889 49,901  
D - Motorcycle 4,504  4,453
E - Open 74,801  74,403 

Source: Land Transport Authority

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