COE prices increase across the board in latest bid; Small car COE closes at $42,902

COE prices finished higher across all categories in the round of bidding that ended on Sept 20, 2017.
COE prices finished higher across all categories in the round of bidding that ended on Sept 20, 2017.ST PHOTO: CHEW SENG KIM

SINGAPORE - Certificate of Entitlement (COE) prices increased across the board in the latest round of bidding, which closed on Wednesday (Sept 20) at 4pm.

Category A premiums - for cars up to 1,600cc up and 130bhp - went up almost 20 per cent to $42,902.

This comes just two weeks after prices plunged 16 per cent to $36,001 during the last tender, the lowest they had been in almost seven years.

Commercial vehicles premiums also went up - about 9 per cent - from $43,002 to $46, 890.

Meanwhile, premiums for the open category, which can be used for all vehicles but often used for the purchase of bigger cars, increased marginally to $49,012, up from $48,005.

Premiums for motorcycles remained strong, increaseing 1.8 per cent to $5,501.

For cars above 1,600cc and 130bhp, premiums closed relatively flat at $49, 189.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 42,902 36,001
B - Car (above 1600cc)  49,189 49,000
C - Goods vehicle & bus 46,890 43,002.
D - Motorcycle 5,501 5,402
E - Open 49,012 48,005

Source: Land Transport Authority