SINGAPORE - Certificates of entitlement (COE) premiums ended mostly higher in the latest tender on Wednesday (Feb 20) as motor dealers continued to clear a healthy order bank in the face of a smaller COE supply.
COE premiums for cars up to 1,600cc and 130bhp ended at $26,301, up from $25,689. Those for cars above 1,600cc or 130bhp finished at $35,403, up from $34,509.
The premiums for Open COEs, which can be used for any vehicle except motorcycles but which ends up mostly for bigger cars, closed at $36,667, up from $35,310.
Commercial vehicle COE premiums finished at $26,914, up marginally from $26,378.
Motorcycle premiums bucked the trend by ending at $3,689, down from $3,709.
Industry watchers reckon premiums will start to slide once the current order bank bolstered by last month's Singapore Motorshow is fulfilled.
LATEST COE RESULTS:
Category | Current COE premium ($) | Previous COE premium ($) |
A - Car (1,600cc & below) | 26,301 | 25,689 |
B - Car (above 1,600cc) | 35,403 | 34,509 |
C - Goods vehicle & bus | 26,914 | 26,378 |
D - Motorcycle | 3,689 | 3,709 |
E - Open | 36,667 | 35,310 |