COEs finish mixed in the first round of bidding in July 2017

COE prices ended mostly higher in the round of bidding that ended on July 5, 2017.
COE prices ended mostly higher in the round of bidding that ended on July 5, 2017.ST PHOTO: LIM YAOHUI

SINGAPORE – Certificates of entitlement (COE) ended mixed in the latest tender on Wednesday (July 5) as the market braces itself for a new quota next month and a new emission standard in September.

COE for cars up to 1,600cc and 130bhp ended unchanged at $42,801, while COE for cars above 1,600cc or 130bhp finished higher at $49,802, up from $47,501.

Open COE, which can be used for any vehicle type but ends up mostly for bigger cars, closed slightly higher at $49,899, up from $48,001. 

Commercial vehcle COE shot up from $36,879 to hit a three-month high of $40,212. Motorcycle premium was unchanged at $6,001. 

A number of models are out of stock as dealers prepare for Euro 6 emission standard, which will come into effect in September. This means lower bidding pressure. 

Bidding from private-hire vehicle operators is believed to have eased in light of a fleet oversupply, again lowering bidding pressure. 

This is offset by expectations of a smaller COE quota from August.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 42,801 42,801
B - Car (above 1600cc)  49,802 47,501
C - Goods vehicle & bus 40,212 36,879
D - Motorcycle 6,001 6,001
E - Open 49,899 48,001

Source: Land Transport Authority