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