COE prices end mostly higher in latest tender
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Certificate of entitlement prices finished mostly higher despite the long Chinese New Year break, with bidders competing for a smaller supply of certificates.
PHOTO: ST FILE
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SINGAPORE - Certificate of entitlement (COE) prices finished mostly higher despite the long Chinese New Year break, with bidders competing for a smaller supply of certificates.
The only exception was COE premiums for cars up to 1,600cc and 130bhp, which ended slightly lower at $25,689, down from $26,170.
COE prices for cars above 1,600cc or 130bhp closed higher at $34,509, up from $33,989.
The premiums for Open COE, which can be used for any vehicle type except motorcycles but which ends up mostly for bigger cars, closed higher at $35,310, up from $33,689.
Commercial vehicle COE prices crept up to $26,378, from $26,230. Motorcycle premiums ended at $3,709, up from $2,889.
The supply of COEs for the February-April period is around 10 per cent smaller than the previous three-month period. Motor traders say this might have spooked the market.
COE prices usually dip after Chinese New Year because showrooms are closed, and buyers are away on holiday.
