COEs close lower at first tender for July 2016

COE prices finished lower across the board in the first round of bidding in July on Thursday (July 7).
COE prices finished lower across the board in the first round of bidding in July on Thursday (July 7).ST PHOTO: JAMIE KOH

SINGAPORE - Certificate of Entitlement (COE) prices finished lower across the board in the first round of bidding in July on Thursday (July 7).

Premiums for Category A - cars up to 1,600cc and 130bhp - dropped from $55,200 to $52,301.

COE prices for Cat B - cars above 1,600cc or 130bhp - also fell, going from $57,010 to $56,089.

For the open category, Cat E, which can be used for any vehicle type but ends up mainly being used mostly for bigger cars, COE prices likewise decreased, from $57,390 to $56,002.

Motorcycle premiums saw a dip, from $6,303 to $6,012.

COE premiums for goods vehicles and buses went down, from $48,002 to $47,889.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 52,301 55,200
B - Car (above 1600cc)  56,089 57,010
C - Goods vehicle & bus 47,889 48,002
D - Motorcycle 6,012 6,303
E - Open 56,002 57,390

Source: Land Transport Authority