COE prices end mixed, difference between big and small car premiums narrows
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Certificate of entitlement premiums ended mixed as year-end promotions countered prevailing market weakness on the back of economic uncertainty.
PHOTO: ST FILE
SINGAPORE - Certificate of entitlement (COE) premiums ended mixed at the latest tender on Wednesday (Nov 20) as year-end promotions countered prevailing market weakness on the back of economic uncertainty.
The COE price for cars up to 1,600cc and 130bhp finished higher at $32,000, a hike from $30,000 two weeks ago. Premiums for cars above 1,600cc or 130bhp closed lower at $39,700, down from $40,009.
COE premiums in the Open category, which can be used for any vehicle type except motorcycles but which end up mostly for bigger cars, inched upwards to $40,889, from $40,101 previously.
This narrows the price difference between COEs for small and big cars to $7,700, from $10,000 at the tender a fortnight ago.
Commercial vehicle COE prices closed lower at $24,502, down from $25,392. Motorcycle premiums also ended lower at $3,921, down from $4,100.
