SINGAPORE - Certificates of Entitlement (COE) for commercial vehicles plunged at the latest tender on Wednesday (April 26) ahead of a supply surge next month.
The COE for vans, trucks and buses closed at a six-year low of $26,501, down from $45,906 two weeks ago. Dealers said buyers were holding back to see how much COE will fall when a six-fold increase in quota kicks in in May.
The other premiums ended mixed. COE for cars up to 1,600cc and 130bhp ended lower at $51,600, down from $52,000. COE for cars above 1,600cc or 130bhp closed $1 higher at $54,406.
Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, ended at $54,616, up from $54,556.
Motorcycle premium finished at $6,712, down from $7,589. Up to the last five minutes of bidding, the premium stayed at $2.
Latest COE results:
| Category | Current COE premium ($) | Previous COE premium ($) |
| A - Car (1600cc & below) | 51,600 | 52,000 |
| B - Car (above 1600cc) | 54,406 | 54,405 |
| C - Goods vehicle & bus | 26,501 | 45,906 |
| D - Motorcycle | 6,712 | 7,589 |
| E - Open | 54,616 | 54,556 |
Source: Land Transport Authority
