SINGAPORE - Certificates of entitlement (COE) for cars ended higher in the latest tender on Wednesday (April 20) despite the prospect of a larger supply of certificates next month.
COE for cars up to 1,600cc and 130bhp closed at $47,300, up from $46,009.
COE for cars above 1,600cc or 130bhp ended at $49,602, up from $47,000.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, finished at $49,501, up from $47,510.
Commercial vehicle COE slipped from $44,213 to close at $43,002.
Motorcycle premiums posted a $2 dip to end at $6,501.
Observers said bidders may have been spooked by news that third-party taxi apps such as Uber and Grab are aggressively expanding their fleets and, thus, competing for COEs.
Latest COE results:
| Category | Current COE premium ($) | Previous COE premium ($) |
| A - Car (1600cc & below) | 47,300 | 46,009 |
| B - Car (above 1600cc) | 49,602 | 47,000 |
| C - Goods vehicle & bus | 43,002 | 44,213 |
| D - Motorcycle | 6,501 | 6,503 |
| E - Open | 49,501 | 47,510 |
Source: Land Transport Authority
