COEs finish mixed in the first round of bidding for November 2016

Certificate of Entitlement (COE) prices finished mixed on Nov 9, 2016.
Certificate of Entitlement (COE) prices finished mixed on Nov 9, 2016.PHOTO: ST FILE

SINGAPORE - Certificates of entitlement (COE) ended mixed in the latest tender on Wednesday, as fresh demand whipped up by a major car retail event partly offsets a generally weaker market. 

COE for cars up to 1,600cc and 130bhp finished decidedly higher at $52,668, up from $50,991. COE for cars above 1,600cc or 130bhp closed slightly lower at $56,206, down from $56,410. 

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, was also slightly weaker at $56,000, down from $56,340 previously. 

Commercial vehicle COE shot up from $45,589 to close at $48,001. Motorcycle premium ended slightly lower at $6,311, down from $6,354.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 52,668 50,991
B - Car (above 1600cc)  56,206 56,410
C - Goods vehicle & bus 48,001 45,589
D - Motorcycle 6,311 6,354
E - Open 56,000 56,340

Source: Land Transport Authority