COEs finish mostly lower in first round of bidding in December 2016

COE prices finished mostly lower in the first round of bidding in December on Wednesday, Dec 7, 2016.
COE prices finished mostly lower in the first round of bidding in December on Wednesday, Dec 7, 2016.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Certificate of Entitlement (COE) prices finished mostly lower in the first round of bidding in December on Wednesday (Dec 7).

Premiums for Category A - cars up to 1,600cc and 130bhp - went down from $50,951 to $48,000.

COE prices for Cat B - cars above 1,600cc or 130bhp - decreased, from $53,001 to $46,229.

For the open category, Cat E, which can be used for any vehicle type but ends up mainly being used for bigger cars, COE prices also fell, from $54,901 to $50,010.

Motorcycle premiums ended lower, going from $6,212 to $6,113.

COE premiums for goods vehicles and buses was the only that went up, from $49,002 to $51,209.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 48,000 50,951.
B - Car (above 1600cc)  46,229 53,001
C - Goods vehicle & bus 51,209 49,002
D - Motorcycle 6,113 6,212
E - Open 50,010 54,901

Source: Land Transport Authority