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