COEs premiums tumble across the board; Cat A prices end at $61,000

SINGAPORE - Certificates of entitlement (COE) took their biggest tumble in recent months on Wednesday, falling across the board to hit among the lowest levels this year.

COE for cars up to 1,600cc and 130bhp dived from $66,000 two weeks ago to hit a four-month low of $61,000. COE for cars above 1,600cc or 130bhp fell from $75,000 to settle at a three-month low of $71,509.

Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, slid from $75,801 to end at $74,501 - another three-month low.

Commercial vehicle COE finished at $50,502, down slightly from the previous $50,900. Motorcycle premium eased to $6,401, from $6,509.

Motor dealers expect the sizeable price correction to draw buyers to showrooms, but most are still predicting prices to fall further in the coming months.

Latest COE results:

Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below)  61,000 66,000
B - Car (above 1600cc)   71,509 75,000 
C - Goods vehicle & bus  50,502 50,900 
D - Motorcycle  6,401 6,509
E - Open  74,501 75,801

Source: Land Transport Authority