COEs finish mixed in the first round of bidding for November 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

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