COEs end mixed in latest tender; Cat A COE slightly higher at $64,900

SINGAPORE - Certificates of entitlement (COE) premiums ended mixed in the latest tender on Wednesday as the rush to meet year-end sales targets offset the full impact of an enlarged supply.

COE for cars up to 1,600cc and 130bhp ended slightly higher at $64,900, up from $63,990 two weeks ago. COE for cars above 1,600cc or 130bhp finished lower at $70,890, down from $72,002 previously.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, also eased. It closed at $71,300, down from $72,201. Commercial vehicle COE rose from $61,000 to close at $63,701, while motorcycle premium ended at $4,290, down from $4,412.

The supply of car COEs for the November to January period is around 16 per cent bigger than the previous quota. Industry watchers said the drop in premiums would have been bigger and across the board if not for the seasonal race to meet sales targets.