COEs finish lower in the second round of bidding in August 2017

COE prices ended lower across the board in the round of bidding that ended on Aug 23, 2017
COE prices ended lower across the board in the round of bidding that ended on Aug 23, 2017ST PHOTO: DESMOND WEE

SINGAPORE - Certificate of entitlement (COE) prices ended lower across the board at the latest tender on Wednesday (Aug 23), as sales slowed ahead of the implementation of a new emission standard.

COE for cars up to 1,600cc and 130bhp closed at $42,900, down from $46,778 two weeks ago. COE for cars above 1,600cc or 130bhp finished at $51,000, down from $53,711.

Open COE, which can be used for all vehicles except motorcycles, but which ends up mostly for bigger cars, ended at $50,000, down from $52,751.

Commercial vehicle COE finished at $42,004, down from $42,801.

The motorcycle premium took the biggest plunge, sliding from $5,701 a fortnight ago to end at a three-year low of $3,512.

Industry watchers say a slowdown in private-hire fleet expansion has contributed to the softer premiums.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 42,900 46,778
B - Car (above 1600cc)  51,000 53,711
C - Goods vehicle & bus 42,004 42,801
D - Motorcycle 3,512 5,701
E - Open 50,000 52,751

Source: Land Transport Authority